Economics

Does An Increase In Minimum Wage Cause Inflation?

As inflation reaches historic highs, lawmakers and analysts are debating the causes, which include pandemic-related shocks as well as government-imposed limitations and swings in consumer demand. One New York Times writer remarked this week on Twitter that recent media headlines about inflation are “all hype.” “Policies like the $15 minimum wage” are blamed by “wealthy

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What Other Price Indexes Are Used To Measure Inflation?

The CPI measures the spending habits of two categories of people: all urban consumers and urban wage earners and clerical workers. The all-urban consumer group accounts for roughly 93 percent of the overall population of the United States. It is based on the expenditures of practically all urban or metropolitan residents, including professionals, self-employed, jobless,

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How To Analyze GDP?

Personal consumption, private investment, government spending, and exports are all factors that go into calculating a country’s GDP (minus imports). How do you go about analysing GDP data? Another method to look at GDP is to compare GDP from one year (or quarter) to GDP from another year (or quarter), to observe how it changes

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When Is 3rd Quarter GDP Released?

Increases in private inventory investment, PCE, state and local government expenditure, and nonresidential fixed investment offset reductions in exports, residential fixed investment, and federal government spending in the third quarter, resulting in a rise in real GDP. Imports have risen (table 2). Private inventory investment increased as wholesale trade (driven by nondurable goods industries) and

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