Describe what would happen to GDP, the unemployment rate, and the inflation rate if there is a decline in global growth. Describe the relationship between unemployment and inflation. What is the impact of the Fed's actions on GDP, unemployment, and inflation?
and working, attractive again. We should expect so-called “discouraged borrowers” to do the same. That’s because if they don’t, the likely alternatives for them, at some
if you're struggling financially, refinancing can be a little more complicated. If you have a badcredit score, you'll need to take a few steps to ensure you can even qualify. And when you do qualify, you want to make sure your refinanced mortgage is better than your original mortgage,...
In some cases, human photos may actually have a negative impact! To be doubly sure, you should also do aheatmap analysisof the related page to analyze theimpact of using photosversus not using them. 24/7 Live Chat A live chat icon is a massive psychological assurance to clueless customers...
While it's fairly easy to calculate the cost of attendance, economists say it's harder to quantify future outcomes. But there are some determining factors for ROE, such as by undergraduate major or college choice. "We've been hearing students say that return on education is ...
When a government has a surplus, it can pay down some of the national debt. When the government runs a deficit in a year, the national debt gets a little bigger. What Does Switzerland’s Debt-To-GDP Ratio Show? Economists and financiers are not so much interested in how much a country...
Answer and Explanation: Economic inequality is also referred to as 'unequal distribution of wealth' or as some people in the last few years have referred to as the 1%. It is the idea that a certain few have more wealth than the rest of us combined. Hence the...
Despite some intervening factors—such as the end of theBretton Woods System, poor harvests, an Arab oil embargo, and the complexity of the 1970s price control system—most economists view the 1970s as evidence enough that price controls are an ineffective tool for managing inflation.345 ...
Price Elasticity Increased prices typically result in lower demand, and demand increases generally lead to increased supply; however, the supply of different products responds to demand differently, with some products' demand being less sensitive to prices than others. Economists describe this sensitivity...
The tradeoff between inflation and unemployment led economists to use the Phillips curve to fine-tune monetary or fiscal policy. Since a Phillips curve for a specific economy would show an explicit level of inflation for a specific rate of unemployment and vice versa, it should be possible to a...