This program begins to look at how cycles in an economy develop by explaining how unemployment, inflation, and gross domestic product are measured. The program also introduces aggregate supply and demand, and uses these concepts to spell out why bus...
In the first of two programs on fiscal policy, we take a behind-the-scenes look at the aggregate demand curve. Key concepts include how the equilibrium level of GDP is determined and how the multiplier process works.
About this title: Economic growth, wealth creation, outsourcing, economic inequality, resource distribution, and the uneven penetration of the global economy are all phenomena that have a strong geographic base. Dr. Murphy reviews how human geograph...