Think Like An Economist cover image

S E19: A New Treasury Secretary - Who is Janet Yellen and what will she do?

Think Like An Economist

CHAPTER

The Importance of Supply and Demand in the Economy

Modern economists tend to believe that macroeconomics tends to reflect the choices that we as individuals make. Over long periods, an economy's performance depends mainly on supply and number of people who want to work. But demand sometimes matters more than supply - a case in point was 2008 when our economy experienced financial crisis.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner