by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is the Job Openings and Labor Turnover Survey?JOLTS is a survey carried out to aid in determining the available job vacancies. It is done by the United States Bureau of Labor Statistics and collects data every month from various employers such as retailers,...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is Labor Market Efficiency?The word efficient is used for those labor markets which match workmen with the employment according to their skill-set. As a result, the productivity of the workforce boosts up, making them more efficient. On the same scheme, the labor...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is the International Monetary Fund (IMF)?The International Monetary Fund(IMF) is an international organization with 189 member countries, formed with the objective of promoting international trade and commerce, employment, sustained economic growth, financial...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is Game Theory?Game theory considers how players interact and how they behave to study and explain how rational players make decision. The theory seeks to find out the decisions an individual player should take part in to maximize their success logically and...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is Gresham’s Law?Gresham’s law is a monetary principle based on observation in economics that in currency evaluation, when two coins are equal in face value but unequal in intrinsic value (cost of material), the one having less intrinsic value tends...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is a Current Account? Current account refers to the summary of all transactions (including imports and exports) involving goods and services which are related to income generation.The balance of trade or the current account balance which includes other...
