With everyone anticipating inflation to continue, workers demanded raises to keep up with growing prices, and employers were eager to give them because their competitors’ costs were projected to rise at the same rate as their own. As a result, inflation became self-perpetuating: everyone was raising prices in anticipation of others rising prices. To break […]
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The Federal Reserve is expected to raise short-term interest rates by a quarter of a percentage point at its next meeting on March 16 in a bid to combat inflation. Through the end of the year, the Fed is expected to raise rates by a quarter-point at each of its six meetings. The Fed is
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Most individuals are aware that inflation raises the cost of their food and depreciates the worth of their money. In reality, inflation impacts every aspect of the economy, and it can eat into your investment returns over time. What is inflation? Inflation is the gradual increase in the average cost of goods and services. The
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The Gross Domestic Product (GDP) measures both the economy’s entire income and its total expenditure on goods and services. As a result, GDP per person reveals the typical person’s income and expenditure in the economy. Because most people would prefer to have more money and spend it more, GDP per person appears to be a
Is GDP Per Capita A Good Measure Of Economic Well-Being? Read More »
Inflation is the rate at which the price of goods and services in a given economy rises. Inflation occurs when prices rise as manufacturing expenses, such as raw materials and wages, rise. Inflation can result from an increase in demand for products and services, as people are ready to pay more for them. Some businesses
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However, Ravi Jagannathan, a finance professor at Kellogg School of Management, argues that this is only half of the story. “Solutions based on inadequate comprehension of the issues involved,” Jagannathan warns, “would likely lead to even worse difficulties down the future.” The financial crisis that engulfed the United States, according to Jagannathan, Mudit Kapoor of
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In regression analysis, the variance inflation factor (VIF) reveals multicollinearity. When there is a correlation between predictors (i.e. independent variables) in a model, it is known as multicollinearity, and its existence might have a negative impact on your regression findings. The VIF calculates how much multicollinearity in the model has inflated the variance of a
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What are the world’s largest economies? According to the International Monetary Fund, the following countries have the greatest nominal GDP in the world: Is India progressing quickly? According to UNCTAD’s Trade and Development Report 2021, India’s economy would grow at 7.2 percent in 2021, the second highest in the world after China, but will drop
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Japan has the lowest inflation rate of the major developed and emerging economies in November 2021, at 0.6 percent (compared to the same month of the previous year). On the other end of the scale, Brazil had the highest inflation rate in the same month, at 10.06 percent. What is India’s inflation rate? According to
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Assume Kelly, a former economist who is now an opera singer, has been asked to perform in the United Kingdom. Simultaneously, an American computer business manufactures and sells all of its computers in Germany, while a German company manufactures and sells all of its automobiles within American borders. Economists need to know what is and
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