What Monetary Policy Actions Would Combat The Recession?

The aggregate demand and supply do not necessarily move in lockstep. Consider what causes fluctuations in aggregate demand over time. Incomes tend to rise as aggregate supply rises. This tends to boost consumer and investment spending, pushing the aggregate demand curve to the right, though it may not change at the same rate as aggregate […]

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Why Increase Interest Rates When Inflation Is High?

Interest rates are its primary weapon in the fight against inflation. According to Yiming Ma, an assistant finance professor at Columbia University Business School, the Fed does this by determining the short-term borrowing rate for commercial banks, which subsequently pass those rates on to consumers and companies. This increased rate affects the interest you pay

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Who Adjusted For Inflation Is The Richest Man In History?

In 1913, John D. Rockefeller’s net worth was estimated to be at $900 million (184.88 million), or $189.6 billion (114.39 billion) in today’s money. Between 1885 and 1887, Rockefeller gradually resigned after making a fortune in the oil business. When adjusted for inflation, how wealthy was Genghis Khan? Temujin was Genghis Khan’s first name. Genghis

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