The aggregate supply curve is a concept in macroeconomics that, with the addition of the aggregate demand curve, shows the equilibrium level of prices and quantity in an economy. It is also used to ...

Movement Along the Supply Curve: This occurs when the only factor changing is the price of the good or service itself. As the ...

The current jobless rate of 3.4% is below the natural rate, implying labor market tightness and according to the Phillips curve construct. For the Phillips curve to "work," changes in unemployment and ...

The marginal product of labor is a variable used in economic theory. This variable quantifies the additional output produced by adding an additional unit of labor. The value of this variable is ...

Current issues are now on the Chicago Journals website. Read the latest issue.Economic Development and Cultural Change (EDCC) publishes studies that use modern theoretical and empirical approaches to ...

JPKE is a scholarly journal of innovative theoretical and empirical work that examines contemporary economic problems. It is committed to the principle that the cumulative development of economic ...

Forbes contributors publish independent expert analyses and insights. Hersh Shefrin analyzes how psychology impacts markets and policy. John Maynard Keynes’ book The General Theory of Interest, ...

Dr. Tara Singh’s letter should be the starting point for Government labour policies that are market driven, versus those that target economic development by sectors in the Gross Domestic Product. The ...