The law of supply and demand is an economic theory asserting that supply and demand will meet each other at a certain equilibrium price. At its most fundamental level, the theory states that if ...

He is a professor of economics ... demand. Monetarism is a macroeconomic theory stating that governments can foster economic stability by targeting the growth rate of the money supply.

During the Great Depression of the 1930s, existing economic theory was unable either to explain the causes ... Prices, and especially wages, respond slowly to changes in supply and demand, resulting ...

This branch of economics ... such as supply and demand, failures in the market, and prices. Some of the most common theories addressed in the study of microeconomics include consumer theory ...