Phillips Curve

This theory of inflation was presented by A.M.Phillips,known as the Phillips Curve Hypothesis.The P.C. shows an inverse relationship between rate of unemployment and annual rate of change of money wages or prices.
For more details visit http://www.gurukpo.com/

The Paradox of Thrift

The paradox of thrift arises  when all people in a society try to save more but infact they are unable to do so.The multiplier theory of Keynes helps a good deal in explaining this paradox.
for further details visit http://www.gurukpo.com/