The Great Recession was a period of economic slump that lasted from 2007 to 2009, following the bursting of the housing bubble in the United States and the worldwide financial crisis. The Great Recession was the worst economic downturn in the United States since the 1930s’ Great Depression. Federal authorities unleashed unprecedented fiscal, monetary, and […]
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Congress has given the Federal Reserve a dual duty to preserve full employment and price stability in the US economy. During recessions, the Fed uses a variety of monetary policy tools to assist lower unemployment and re-inflate prices. Open market asset purchases, reserve regulation, discount lending, and forward guidance to control market expectations are some
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A recession is a period of falling economic performance that lasts several months and affects the entire economy. Businesses, investors, and government officials monitor a variety of economic indicators that can help anticipate or confirm the onset of recessions, but the National Bureau of Economic Research (NBER) is the one who officially declares them. To
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Inflation is the rate at which the price of goods and services in a given economy rises. Inflation occurs when prices rise as manufacturing expenses, such as raw materials and wages, rise. Inflation can result from an increase in demand for products and services, as people are ready to pay more for them. Some businesses
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Faster growth does not always imply superior growth. It has to be long-term. Economists frequently agree that the ideal rate of GDP growth is between 2% and 3%. What constitutes a good GDP? “In general, you would expect poorer countries to expand faster. “Once you’ve caught up with the frontier, the high-income countries, it’s more
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Money is a merely theoretical construct, and I’m not saying that from a hippie, anti-materialist, counter-culture perspective. That isn’t a revolutionary idea; economists have understood it for a long time. The money in our wallets, bank accounts, and other places makes up a very small part of our economy. The rest is made up of
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But, according to Tara Sinclair, an economics professor at George Washington University and a senior fellow at Indeed’s Hiring Lab, one of the finest investments you can make to recession-proof your life is obtaining an education. Those with a bachelor’s degree or higher have a substantially lower unemployment rate than those with a high school
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During a recession, the economy suffers, individuals lose their jobs, businesses make less sales, and the country’s overall economic output plummets. The point at which the economy officially enters a recession is determined by a number of factors. In 1974, economist Julius Shiskin devised a set of guidelines for defining a recession: The most popular
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When the price level rises faster than expected; for example, if you expect inflation to be 5% but it turns out to be 8%. What happens if inflation occurs unexpectedly? 1. Income and wealth will be redistributed due to unanticipated inflation, or inflation that is not foreseen. a. Income redistribution happens when some wages and
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According to Trading Economics global macro models and analysts, Cambodia’s GDP per capita is anticipated to reach 1281.00 USD by the end of 2021. According to our econometric models, Cambodia’s GDP per capita is expected to rise to roughly 1334.00 USD in 2022. Is Cambodia wealthy or impoverished? Cambodia is currently one of the world’s
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