This article explore the limitations of Keynesian economics in policy speed and Classical economics in recession length, with examples.
Challenges in Implementing Keynesian and Classical Economic Policies Read Post »
The intersection of IS-LM functions defines four areas. Let’s analyze the behavior of the markets for goods and money for each area.
Government Budgets, Fiscal Policies, and the Impact of Government Borrowing if Equilibrium GDP Falls Below Potential?
The circular flow of goods and services helps us understand the economy and the relationship between households and Suppliers of goods and services and how they come together.
The Concepts of the Circular Flow of Goods and Services Read Post »
