S E19: A New Treasury Secretary - Who is Janet Yellen and what will she do?
Think Like An Economist
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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.
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