When done correctly, business executives understand that marketing and advertising bring in more customers. They also realize that during a recession, the majority of other firms, including many of their competitors, will cut marketing and advertising budgets. As a result, astute, proactive business owners and/or management teams ramp up their marketing and advertising campaigns. That’s […]
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Between 2019 and 2020, the dollar saw an average annual inflation rate of 1.23 percent, resulting in a cumulative price increase of 1.23 percent. In 2020, purchasing power fell by 1.23 percent compared to 2019. For the identical item, you’d have to pay 1.23 percent more in 2020 than you would in 2019. What is
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The rise in exports was mostly due to a rise in goods (led by industrial supplies and materials). Nonresidential fixed investment increased as a result of increases in all components, headed by equipment. Spending on services (headed by health care) accounted for more than half of the growth in PCE; spending on products fell (led
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In August 2021, Iran’s inflation rate reached 45.2 percent, the highest in 26 years. At a time when Tehran is expanding its nuclear program, the inflation rate reveals that, despite the fact that Washington’s maximum pressure campaign is gaining traction, it is still moving forward due to its own inertia. According to the Iranian Statistical
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Core inflation refers to the change in the cost of goods and services that excludes the food and energy sectors. These items are not included in our estimate of inflation since their prices are significantly more unpredictable. The consumer price index (CPI), which is a measure of prices for goods and services, is most commonly
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Consumers’ pessimism, the debt accumulations of the 1980s, the surge in oil prices when Iraq invaded Kuwait, a credit crisis produced by overzealous banking regulators, and Federal Reserve attempts to control the pace of inflation have all been blamed for the recession. In 1991, was there a recession? The early 1990s recession lasted from July
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The Great Inflation was the defining macroeconomic event of the twentieth century’s second half. After the roughly two decades it lasted, the worldwide monetary system built during World War II was abandoned, four economic recessions occurred, two catastrophic energy shortages occurred, and wage and price restrictions were implemented for the first time in peacetime. It
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What are the world’s largest economies? According to the International Monetary Fund, the following countries have the greatest nominal GDP in the world: What is India’s GDP forecast for 2021? In its second advance estimates of national accounts released on Monday, the National Statistical Office (NSO) forecasted the country’s growth for 2021-22 at 8.9%, slightly
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Traditional fiscal stimulus analysis focuses on the short-run effects of fiscal policy on GDP and employment creation in the near term. Economists, on the other hand, have long recognized that short-term economic situations can have long-term consequences. Job loss and declining finances, for example, can cause families to postpone or forego their children’s college education.
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In all but two of the 13 companies, we discovered that nominal salary (without accounting for inflation) increased, sometimes dramatically. However, inflation has wiped out the majority of the average increases. Inflation has grown by more than 7% through October 2021, and nearly 8% through November 2021, since January 2020. Through October, the average wage
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