by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is Expansionary Policy?In macroeconomics, the expansionary policy is a policy that the Federal Reserve uses to increase the supply of money and stimulate economic growth. An expansionary policy can comprise of fiscal policy, monetary policy, or a combination of...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is a Trade War?In economics, a trade war refers to a conflict resulting from protectionism, where states increase or create new tariffs, leading to restrictions in international trade. A tariff is a tax that a country imposes on its imports. One country may...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is the Great Depression?The Great Depression is unarguably the longest and largest economic recession to ever occur on modern times. The Great Depression typically started in 1929 following the crash of the United States stockss market and ended after World War...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is an Inefficient Market?According to the efficient market theory, an inefficient market refers to any market setting where the price of an asset doesnt actually represent its value. The Efficient market theory, which is also known as the efficient market...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What are Inelastic Goods?Inelastic in economics is a term used to define the unchanging status of a customers buying habit even after changes in price. Simply put, it refers to a situation where an increase in price of commodities doesnt affect a consumers demand, and...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is an Inferior Good?In economics, an inferior goods refers to a product that people buy less when their income increases. Simply put, any product whose demand falls when peoples income rise is called an inferior good. This usually occurs when this product has a...
