Learn how utility functions derive demand functions and their role in maximizing consumer satisfaction and economic decision making.

Simulations using a Phillips curve-type relationship provide insights into the importance of demand versus supply for inflation over different periods. The decade of low inflation after the Great ...

Learn how changes in aggregate demand influence the price levels of goods and services and why this relationship isn't always ...

John Maynard Keynes’ book The General Theory of Interest, Employment, and Money is one of the classic works of the twentieth century. Keynes published his book in 1936 during the midst of the Great ...