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Begin by defining fiscal policy and a supply-side improvement (the latter should be supplemented with a diagram). Following the definition of a supply-side policy, we might begin with examples of fiscal p...

The law of diminishing returns refers to our production function in the short run. Remember, we define the short run as when we have at least on factor of production that is fixed. The easiest, and typica...

Through international trade resource-rich economies in sub-Sahara Africa will be able to increase their exports; since exports are a component of Aggregate Demand, this will increase AD. Higher AD will in...

Economic growth is an increase in the production of good and services in an economy over time. 

The five main macroeconomic objectives are balanced trade, a low and stable inflation rate, sustainable economic growth, low unemployment and a fair distribution of income. Some of these macroeconomic obj...