DefinitionThe paradox of thrift is a paradox of economics. The paradox states that an increase in autonomous saving leads to a decrease in aggregate...
DefinitionThe price/earnings ratio is the ratio of a company's stock price to the company's earnings per share. The ratio is used in valuing companies....
DefinitionIn monetary economics, the quantity theory of money states that the general price level of goods and services is directly proportional to the amount...