Apr 28, 22 06:17 AM
The marginal rate of transformation relates the foregone production of one good in order to increase one unit of production of another good.
Apr 22, 22 07:45 AM
Capital mobility is a term that is used to describe how easily money can move from one country to another, and it has some important implications.
Apr 17, 22 06:20 AM
Capacity constraints are limiting factors prevent firms from expanding production in the short-run without disproportionately higher price increases.
Apr 16, 22 02:11 PM
Parallel conduct occurs when two or more firms in an industry behave in a similar way, e.g., by matching prices. It is anti-competitive, and may be illegal.
Apr 13, 22 10:24 AM
The sacrifice ratio in economics is a short-term concept that estimates the how much production must be sacrificed in order to reduce inflation.
Apr 12, 22 11:20 AM
Symmetric information is an important requirement for the efficient functioning of markets. It means that buyers and sellers have equal product knowledge.
Apr 12, 22 06:03 AM
The implementation lag of fiscal policy refers to the time taken to get that policy into action.
Apr 07, 22 11:00 AM
Legislative Lag is the term used to describe the delay that occurs between deciding upon a course of fiscal policy actions and then getting them approved.
Apr 02, 22 04:01 AM
Operational lag in economics refers to the time lag between a policy being implemented and it having real effects on the economy.
Mar 09, 22 08:17 AM
The term 'decision lag' refers to the period of time that occurs between an economic shock being recognized and then deciding what to do about it.
Feb 25, 22 01:11 PM
The Phillips curve is used in economics to illustrate the trade off that occurs between inflation and unemployment.
Feb 21, 22 05:40 PM
Recognition lag, in economics, refers to a problem that policymakers have when trying to maintain stable economic growth.
The marginal rate of transformation relates the foregone production of one good in order to increase one unit of production of another good.
Continue reading "The Marginal Rate of Transformation (Formula & Cost, with Graphs)"
Capital mobility is a term that is used to describe how easily money can move from one country to another, and it has some important implications.
Continue reading "Capital Mobility Definition & International Capital Flows"
Capacity constraints are limiting factors prevent firms from expanding production in the short-run without disproportionately higher price increases.
Parallel conduct occurs when two or more firms in an industry behave in a similar way, e.g., by matching prices. It is anti-competitive, and may be illegal.
The sacrifice ratio in economics is a short-term concept that estimates the how much production must be sacrificed in order to reduce inflation.
Symmetric information is an important requirement for the efficient functioning of markets. It means that buyers and sellers have equal product knowledge.
Continue reading "Symmetric Information Definition in Economics"
The implementation lag of fiscal policy refers to the time taken to get that policy into action.
Legislative Lag is the term used to describe the delay that occurs between deciding upon a course of fiscal policy actions and then getting them approved.
Operational lag in economics refers to the time lag between a policy being implemented and it having real effects on the economy.
The term 'decision lag' refers to the period of time that occurs between an economic shock being recognized and then deciding what to do about it.
The Phillips curve is used in economics to illustrate the trade off that occurs between inflation and unemployment.
Continue reading "The Phillips Curve Explained (with graphs)"
Recognition lag, in economics, refers to a problem that policymakers have when trying to maintain stable economic growth.
Galloping Inflation means that the price level is both high and volatile, and often signals urgent need for tighter monetary and fiscal policy.
Continue reading "Galloping Inflation & Hyperinflation Examples"
Discretionary Fiscal Policy is being touted by some economists as an appropriate response to current economic problems, but is this a reasonable idea?
Continue reading "Discretionary Fiscal Policy Examples & Lags"
Why is the labor force participation rate declining in recent decades despite, so we are told, a strong labor market? Click here for the truth.
Continue reading "Why is the Labor Force Participation Rate Declining/Falling?"
