Bayes theorem

Bayes Theorem

Bayes’ theorem, named in honour of Reverend Thomas Bayes, is an essential principle within the realm of probability

Aggregate Supply Curve

Aggregate Supply Curve

The aggregate supply curve represents the entire quantity of goods and services that companies produce and sell at

Deflation

Deflation

Deflation means a general decrease in the level of prices for goods and services. Alternatively, another way to

Types of Unemployment

Types of unemployment

Unemployment is the macroeconomic obstacle that affects people badly. For most workers, the loss of a job determines