Economics

How Will Automatic Stabilizers Affect The Economy During A Recession?

The United States is in the midst of one of its longest periods of economic expansion in history, but downturns are difficult to foresee, leaving policymakers concerned about the country’s readiness for the next downturn. Automatic stabilizers, which automatically increase spending or cut tax receipts during economic downturns to inject stimulus, contributed to mitigate the

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Are We Headed For Inflation Or Deflation?

In affluent countries, hyperinflation, which is defined as a succession of quick, excessive, and out-of-control price increases, is uncommon. That’s because, according to most economists, true hyperinflation requires an annual inflation rate of 1,000 percent or higher. In 2021, will there be inflation or deflation? Americans who have just gone to the grocery store or

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What’s GDP?

The total monetary or market worth of all finished goods and services produced inside a country’s borders in a certain time period is known as GDP. It serves as a comprehensive scorecard of a country’s economic health because it is a wide measure of entire domestic production. What does GDP mean in simple terms? GDP

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