by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is an Incremental Cost?An Incremental Cost is a cost resulting from additional expenses associated with the production of an additional unit or product. Incremental Cost is also called marginal cost, it reflects changes that occur to the balance sheet of a...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is a Balanced Budget?A budget deficit is an accounting situation that happens when expenses exceed income. Individuals, corporate organizations and even the government can experience budget deficit, it means more money was spent than earned. A budget deficit...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
Bureau of Economic Analysis DefinitionThe Bureau of Economic Analysis (BEA) of the United States Department of Commerce is a U.S. government agency that provides official economic data used to confirm and predict trends, changes, and business cycles. These notable...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is the Bureau of Labor Statistics?The Bureau of Labor Statistics is a Federal statistical agency saddled with the responsibility of collecting, processing, analyzing, disseminating and storing essential statistical data that reflect the economic position and...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is a Hard Landing?A Hard landing is an economic concept that refers to a shift or downward turn of an economy that has rapidly experienced growth previously. This, in fact, is the government’s attempt to control inflation.How is the term Hard Landing used...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is the CNN Effect?The CNN effect describes the influence that media outlets, especially CNN has on the government and economic policies. The CNN is at the center of the CNN effect, this media network runs a 24-hour news chain that has significant effects on...
