Economics 3 min read
Impacts of Inflation
Inflationary pressure in an economy my generate good effects on the economy, particularly in case of ‘creeping’ or ‘walking’ inflation.…
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Economics 1 min read
True & Semi-inflation
True inflation • It takes place after full employment of all factor inputs in an economy. • In a situation…
Economics 1 min read
Hyper & Moderate Inflation
Hyper Inflation • The price level goes on rising at a very fast rate. • Often there happens hourly increase…
Economics 1 min read
Cost Push & Open Inflation
Cost Push Inflation • Inflation may originate from supply side also. • Aggregate demand remaining unchanged, a fall in aggregate…
Economics 2 min read
Determinants of demand
There are many factors other than price that can affect the level of quantity demanded. This defines demand function. (i)…
Economics 1 min read
Forms of Inflation
Inflation may be of different forms, such as: Demand Pull Inflation • When in an economy aggregate demand exceeds aggregate…
General Concepts 4 min read
Level measurement using Gauge Glass Technique
A sight glass (also called a gauge glass) is used in the liquid level measurement. It is used for continuous…
Economics 1 min read
The Quantity Theory by Keynes
• Keynes reformulated the Quantity Theory of Money. • In his opinion the quantity of money does not directly affect…
Economics 1 min read
Cash Balance Approach
• It states that it is not total money but that portion of cash balance people spend that influences price…
Economics 2 min read
QUANTITY THEORY OF MONEY
Quality theory of Money can be analysed by two different approaches: (1) Fisher’s Theory (2) Cash Balance Approach Fisher’s Theory…
Economics 1 min read
GRESHAM’S LAW
he Law states that bad money drives good money out of circulation. This is true in case of bimetallism where…
