Search over 10,000 free study notes

Inflation is defined as "a sustained increase in the general price level." The accepted method of measuring inflation is by observation of change in the Consumer price index (CPI), which is derived...

Cost push inflation is the result of an increase in the price of the factors of production e.g. labour, raw materials. For example, an increase in the price of oil will increase the price of most raw materia...

GDP (output) is affected by consumption, investment, government spending and net exports. A fall in the interest rate have a varying effect upon each of these. Consumption is likely to increase as saving bec...

Macro economics is the larger picture, how the economy works for the whole country or region. Micro economics examines how things work in a smaller level, examining one industry, business or group of invidiv...

It can be argued that gross domestic product does not actually do a good job of what we most often use it to display: growth. There are some key aspects that are ignored through the use of GDP as a marker fo...