The Aggregate Demand and Aggregate Supply Equilibrium provides information on price levels, real GDP, and changes to unemployment, inflation, and growth as a result of new economic policy.
The Phillips Curve showed that there was a trade-off between the inflation rate and the unemployment rate. Alban Phillips based the original work on data from the UK from 1861-1957.
A vanity URL is a customized web address that includes the name of your business for marketing, branding, and search engine optimization (SEO) benefits. They are usually short and descriptive, and can easily be recognized as part of your business’s branding
Durable goods are those goods that don’t wear out quickly and last over a long period. While non-durable goods or soft goods are those goods that have a short life cycle.
The Harrod Domar model shows the importance of saving and investing in a developing economy. The model was developed independently by Roy F. Harrod and Evsey Domarin 1939.
The Theory of Production explains the principles by which a business firm decides how much of each commodity that it sells it will produce. And how much of each kind of labor, raw material, fixed capital goods, etc., that it employs it will use.