👉 Porter's law, also known as Porter's principle or Porter's law, is a mathematical model used to describe economic growth. According to this model, when there is an increase in aggregate demand (the total spending of all consumers), it tends to lead to a decrease in the price level and an increase in unemployment.
The equation for porter's law is: Y = P
(1 + r)^(n-T)
Where:
Y is the output,
P is the price level,
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