Economics

What Is The Official Definition Of A Recession?

A recession is a macroeconomic phrase that denotes a considerable drop in overall economic activity in a specific area. It was previously defined as two consecutive quarters of economic contraction, as measured by GDP and monthly indicators such as an increase in unemployment. The National Bureau of Economic Research (NBER), which officially declares recessions, claims […]

What Is The Official Definition Of A Recession? Read More »

What Are The Four Levels Of Inflation?

When the cost of goods and services rises, this is referred to as inflation. Inflation is divided into four categories based on its speed. “Creeping,” “walking,” “galloping,” and “hyperinflation” are some of the terms used. Asset inflation and wage inflation are two different types of inflation. Demand-pull (also known as “price inflation”) and cost-push inflation

What Are The Four Levels Of Inflation? Read More »

Is Inflation The Opposite Of Recession?

The polar opposite of a period of temporary decline, particularly in economic terms. The words “boom,” “upturn,” “rise,” and “success” come to mind. What is inflation’s polar opposite? Deflation refers to a decrease in an economy’s overall price levels, whereas disinflation occurs when price inflation slows down momentarily. A decrease in the money supply, government

Is Inflation The Opposite Of Recession? Read More »