Monetary policy
We have already looked at one aspect of demand-side policy, fiscal policy, and it is important that we also understand the other …
Fiscal policy
We have now looked at the 5 different macroeconomic objectives of governments (low and stable inflation, low unemployment, stable economic growth, promoting …
Deflation
Although governments have the objective of low inflation, it doesn’t necessarily follow that if inflation is bad then the opposite, deflation, is …
Deflation
As well as studying inflation, it is important that we also study the reverse, i.e. deflation. It is important that we know …
Nominal and Real – Cinema tickets
The difference between nominal and real data is an important distinction. The two links above show the amount of revenue generated by …