Meaning of Elasticity

Meaning of Elasticity We have studied the law of demand and we have seen that there is an inverse relation between demand and price. change (rise or fall)in price leads generally to a change (contraction or extension) of demand. This attribute of demand by virtue of...

Monetary Theory

Monetary Theory  R. G. l lawtrcy was a firm believer in the 11I011- etary theory. According to him. \’,11iauons in flows of 1II1111e)arc the sole and sul] i~’icllt dctcruuuantx of business activity and account for alt(,lIIating phases of prosperity and...

In The News

In The News Are Elite Colleges Worth the Cost? Economist Alan Krueger teaches at Princeton University, one of the most expensive colleges In the United States. According to his research, however, his students would do just as well attending a less expensive...