Economics

What Happens To Inflation If Interest Rates Rise?

Simultaneously, this is precisely what reduces the rate of inflation. When demand for products and services increases, prices often rise. When borrowing becomes more expensive, however, demand for goods and services decreases across the economy. Although prices may not necessarily fall, the rate of inflation will usually fall. Consider a used vehicle store, where the

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What Happens To Consumer Spending During A Recession?

Because no two downturns are the same, marketers find themselves in uncharted territory throughout each one. However, we’ve uncovered patterns in consumer behavior and corporate strategy that either propel or hinder performance after monitoring the marketing successes and failures of hundreds of companies as they negotiated recessions from the 1970s onward. Companies must be aware

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What Is Average GDP?

Gross domestic product (GDP) per capita quantifies a country’s economic output per person and is determined by dividing a country’s GDP by its population. Per capita GDP is a global measure of a country’s prosperity that economists use in conjunction with GDP to assess a country’s prosperity based on its economic growth. The highest per

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