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The petrol market over the past decades has had many price fluctuations and it is important to understand that changes in the price of petrol can have significant effect in other markets such as the marke...

Low unemployment (accounting for the natural rate of unemployment)

Sustainable economic growth

Balance of payments 

Stable inflation (usually at approximately 2%)

Before trying to figure out what automotic stabilizers are, it is necessary to first understand the business cycle.

Business cycle recap: An economy experiences fluctuations. They go through period...

    When inflation is due to being cost-push, the government uses supply-side policies, which manipulate and influence the supply curve in the long term, to increase the level of aggregate supply, as ment...

It’s very important to understand the meaning of those two concepts and the difference between them. We could consider demand for apples in for example a small village or a shop, but when we talk about ag...