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Aggregate Supply and Demand, the Price Level

C/E/633. Insights into demand & supply relationship and implications of fast economic growth

WORDS:
1150
DATE:
2010
PRICE:
19.99 GBP

The paper presents exercises in econometrics showing how to draw the demand and supply curves for wheat prices in a free market to define the equilibrium price, calculate the effects of price changes on the demand, and forecast related consumer behaviour. The relationship between economic growth and welfare is examined highlighting the importance of the quantity and quality of economic growth and explaining possible negative implications of rapid economic growth.

 

KEYWORDS: demand & supply curve, equilibrium price, rapid economic growth,

 
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