Demand pull and Cost Push Inflation, Inflation, Macroeconomics
Macroeconomics · Inflation Between 2021 and 2023, inflation returned to the advanced economies for the first time in forty years. Economists disagreed violently about whether it was demand-pull or cost-push. The answer, it turns out, was both — and the sequence in...
Economic Impact of Inflation, Inflation, Macroeconomics
There are many deadly effects of inflation. Two of the most important are: Redistribution of Wealth and Income among the People Distortion in the Production of Goods, employment and relative Prices (During Periods of Inflation all prices and wages do not change at the...
Balanced and Unbalanced Inflation, Inflation, Macroeconomics
Balanced Inflation Consider its title “Balanced”, a type of inflation when all the prices increases proportionately. So its more like an increase in the prices of all of the Products rather just a few. This kind of inflation manage your money matters accordingly as...
Anticipated vs. Unanticipated Inflation, Inflation, Macroeconomics
Anticipated Inflation We can simply understand this phenomenon by its title “ANTICIPATED” , which means Predicted or “KNOWN”. Such a “PREDICTED INFLATION” does not cause enough harm to the people since you can handle it by proper planning. For Example you know that...
Deflation Vs Disinflation, Inflation, Macroeconomics
Deflation and Disinflation are not the same. Although they all show the behavior of Price level but They are different in their direction and change in the Rate of Price Level. Deflation means an opposite to Inflation Or Falling Price (just like we have rising prices...
Inflation, Macroeconomics
Macroeconomics · Foundational Concept Inflation is not an increase in all prices. It is not the same as a price level. It is not caused by “money printing” in any straightforward sense. Almost everything the public believes about inflation is a...
Microeconomics, Perfect Competition, Profit Maximization in Short-Run
There is a very basic concept of understanding Profit maximization either for Perfect Competition or another market model. For almost all markets, the concept is similar. Total Revenue If Q is output of the firm, Total Revenue is : Total Revenue = Price x...
Microeconomics, Oligopoly
Microeconomics · Market Structure · Complete Pillar Guide No perfectly competitive market has ever existed. Every one of its assumptions is false. It is nonetheless the single most important model in economics — because it is the only market structure in which the...
Production, Production with Fixed Input
Why do we need to know about Average and Marginal Product ? When we are talking about Production with One variable or in other words when we a firm is producing something with the limited constraint of having a fixed variable , say Capital in the Short-Run. Also, only...
Microeconomics, Oligopoly
Microeconomics · Market Structure · Complete Pillar Guide In 1911 the United States broke Standard Oil into thirty-four companies. John D. Rockefeller’s personal wealth increased. Understanding why is the beginning of understanding what monopoly actually costs a...
