Dive into the realm of Normative Economics, where economic ideals meet prescriptive judgments to shape public policy and understand the concept's distinction from Positive Economics.
Explore the pivotal role of the Organisation for Economic Co-operation and Development (OECD) in shaping global economic and social policies, fostering prosperity, equality, opportunity, and well-being worldwide.
Learn what a recessionary gap is, its implications on the economy, and how it influences unemployment and fiscal policies.
Explore the challenging economic scenario of stagflation, where slow growth, high unemployment, and inflation collide, making policy decisions particularly tough. Learn its history, causes, and more.
