Permanent Consumption Hypothesis
by The Permanent Income Hypothesis (PIH) is a theory in macroeconomics that suggests that people base …
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Quantity Theory of Money
The quantity theory of money is a theory in economics that explains the relationship between …
Relative Income Hypothesis
The Relative Income Hypothesis (RIH) is a concept in economics that explains how people’s consumption …
Say’s Law
Say’s Law is a principle in economics that suggests that supply creates its own demand. …
IS-LM Analysis, Derivation of IS and LM Functions
IS-LM Analysis The IS-LM model is a tool used in macroeconomics to analyze the relationship …
Joint determination of National Income and rate of Interest and Shift and IS and LM Curves
In an open economy, the determination of national income and the interest rate are jointly …
National Income Determination in an Open Economy
National income determination in an open economy refers to the process by which the total …
The Concept of Multiplier
The multiplier concept is one of the fundamental concepts in macroeconomics, which is used to …
Anti-Inflation Policies, Monetary and Fiscal Policies
Inflation is a major concern for policymakers in India, as it has a significant impact …
Important differences between Demand Pull and Cost Push Inflation
Demand Pull Inflation Demand-pull inflation is a type of inflation that occurs when the overall …