THERE can be debate among economists on many issues. It is a discipline that is less rigorous than the physical sciences where laws are established based on logic and experimentation.
That notwithstanding, there is a consensus on certain things. There is no contention about the relationship economists have long postulated between supply, demand and price. If demand exceeds supply, prices go up; the reverse happens if supply outstrips demand.Read More »Providing a stimulus-By Shahid Javed Burki