The law of supply and demand explains how changes in a product's market price relate to its supply and demand. Demand for basic necessities is less responsive.

Discover how supply-side economics prioritizes production to drive growth. Learn about its principles, including tax policies ...

Inflation happens when the supply of money exceeds the demand for it. M2 is arguably the best measure of money supply. Today, money supply and money demand appear to be in balance, which explains why ...

Crucial topics in economics go in and out like fashion trends. When I first taught macroecon in the 1980s, the money supply was a key issue in economic policy. Inflation was high. The Keynesian ...

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 ...