Economics

How Inflation And Unemployment Are Related?

The Phillips curve shows that historically, inflation and unemployment have had an inverse connection. High unemployment is associated with lower inflation or even deflation, whereas low unemployment is associated with lower inflation or even deflation. This relationship makes sense from a logical standpoint. When unemployment is low, more people have extra money to spend on […]

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Why Was GDP Invented?

Modern macroeconomic governance relies heavily on indicators. The most well-known of these is Gross Domestic Product (GDP). Once a cryptic term, it is now commonplace in newspapers and primetime news shows, and it is frequently hailed as the ultimate indicator of national economic health. A poor GDP number can cause a market selloff and affect

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What Is The GDP Rate Today?

Retail and wholesale trade industries led the increase in private inventory investment. The largest contributor to retail was inventory investment by automobile dealers. Increases in both products and services contributed to the increase in exports. Consumer products, industrial supplies and materials, and foods, feeds, and beverages were the biggest contributions to the growth in goods

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