Monday, 25 July 2011

The Circular Flow of Income (Macroeconomics)

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The circular flow of income is basically exactly what it says it is, it shows the flow of income around the economy. It is best shown visual...
Wednesday, 22 June 2011

The Multiplier (Macroeconomics)

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The Multiplier is a concept developed by John Maynard Keynes. He was a famous economist born in 1883, he passed away in 1946. His concept sa...

Aggregate Demand & Supply (Macroeconomics)

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A classic AD/AS diagram has two axis. On the y axis (vertical one) we have price levels. Reading of this axis we will be able to see if the ...
Wednesday, 15 June 2011

Aggregate Supply (Macroeconomics)

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So, what is aggregate supply? Well, aggregate supply is the total output of goods and services that producers in an economy are willing and...
Wednesday, 8 June 2011

Aggregate Demand - Net Exports (Macroeconomics)

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Right, the last component of aggregate demand: net exports. Net exports is the result of subtracting the value of imports from the value of ...
Tuesday, 7 June 2011

Aggregate Demand - Government Spending (Macroeconomics)

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Government spending, another component that makes up aggregate demand. It is often referred to as just (g). As with the other components of ...
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Monday, 6 June 2011

Aggregate Demand - Investment (Macroeconomics)

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Right, investment is another of the components that makes up aggregate demand as a whole. It is often referred to as just (I). It basically ...
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