All that you need to know about Economics
Econtutorials is a hub of articles, notes, lectures, manuals and online courses of Economics that will guide you from its very basic terms to advance methods of solving quantitative problems.
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Shifts in Aggregate Demand Curve
We just assumed that the Monetary and fiscal policy variable are kept constant when deriving the Aggregate Demand Curve. So any changes made in the following variable will shift the curve. Money Supply Consumption (household spending) Investment Government Expenditure...
Everything about GDP (Gross Domestic Product)
I have made an amalgamation of all the posts that I and my contributing writers have written about GDP Please leave a Message if you require further notes and lectures regarding the concept of GDP. What is GDP ? GDP growth rate and Calculation Types of GDP (Nominal...
Dependent, Independent and Conditional Probability
Independent and Dependent Events The events A and B are said to be independent if the occurrence or non-occurrence of event A does not affect the probability of occurrence of B. This means that irrespective whether event A has occurred or not, the probability of B is...