Latest Articles:

  1. The Marginal Rate of Transformation (Formula & Cost, with Graphs)

    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.

  2. Capital Mobility Definition & International Capital Flows

    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.

  3. Capacity Constraints Meaning & Examples

    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.

  4. Parallel Conduct Definition & Meaning

    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.

  5. Sacrifice Ratio Formula & Example

    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.

  6. Symmetric Information Definition in Economics

    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.

  7. What is Implementation Lag in Economics?

    Apr 12, 22 06:03 AM

    The implementation lag of fiscal policy refers to the time taken to get that policy into action.

  8. What is Legislative Lag in Economics?

    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.

  9. What is Operational Lag in Economics?

    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.

  10. Decision Lag & Information Lag

    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.

  11. The Phillips Curve Explained (with graphs)

    Feb 25, 22 01:11 PM

    The Phillips curve is used in economics to illustrate the trade off that occurs between inflation and unemployment.

  12. What is Recognition Lag in Economics?

    Feb 21, 22 05:40 PM

    Recognition lag, in economics, refers to a problem that policymakers have when trying to maintain stable economic growth.

Latest Articles:


Apr 28, 2022

The Marginal Rate of Transformation (Formula & Cost, with Graphs)

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)"

Apr 22, 2022

Capital Mobility Definition & International Capital Flows

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"

Apr 17, 2022

Capacity Constraints Meaning & Examples

Capacity constraints are limiting factors prevent firms from expanding production in the short-run without disproportionately higher price increases.

Continue reading "Capacity Constraints Meaning & Examples"

Apr 16, 2022

Parallel Conduct Definition & Meaning

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.

Continue reading "Parallel Conduct Definition & Meaning"

Apr 13, 2022

Sacrifice Ratio Formula & Example

The sacrifice ratio in economics is a short-term concept that estimates the how much production must be sacrificed in order to reduce inflation.

Continue reading "Sacrifice Ratio Formula & Example"

Apr 12, 2022

Symmetric Information Definition in Economics

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"

Apr 12, 2022

What is Implementation Lag in Economics?

The implementation lag of fiscal policy refers to the time taken to get that policy into action.

Continue reading "What is Implementation Lag in Economics?"

Apr 07, 2022

What is Legislative Lag in Economics?

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.

Continue reading "What is Legislative Lag in Economics?"

Apr 02, 2022

What is Operational Lag in Economics?

Operational lag in economics refers to the time lag between a policy being implemented and it having real effects on the economy.

Continue reading "What is Operational Lag in Economics?"

Mar 09, 2022

Decision Lag & Information Lag

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.

Continue reading "Decision Lag & Information Lag"

Feb 25, 2022

The Phillips Curve Explained (with graphs)

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)"

Feb 21, 2022

What is Recognition Lag in Economics?

Recognition lag, in economics, refers to a problem that policymakers have when trying to maintain stable economic growth.

Continue reading "What is Recognition Lag in Economics?"

Feb 18, 2022

Galloping Inflation & Hyperinflation Examples

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"

Feb 16, 2022

Discretionary Fiscal Policy Examples & Lags

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"

Feb 06, 2022

Why is the Labor Force Participation Rate Declining/Falling?

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?"