by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is Burgernomics?Burgernomics as an economic slang was popularized by the Big Mac Index. It is a term used as an informal assessment of the purchasing power parity between currencies. Burgernomics measures the PPP between currencies based on the resolutions of the...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What are Business Cycle Indicators?Business cycle indicators (BCI) refer to a series of measures (standards) that were created by the Conference Board. They present leading, lagging and concurrent indexes in an economy. These standards and indexes are effective...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is Agflation?Agflation, as a term, was coined in 2007, and it is an agricultural commodity price increase which was observed since 2006 and made more intense in 2007. The major argument, which some government officials even defended, is that increased demand for...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is the Above Full-Employment Equilibrium?When an economy manufactures goods or products at higher economic rates than normal, it is regarded as above full-employment equilibrium. The gross domestic product (GDP) of an economy often reflects the normal rate at...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is Opportunity Cost?Opportunity costs show the advantages an individual, business or investor misses out on when selecting one option over another. While the financial reports don’t reveal the opportunity cost, business owners use it to make informed...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is the National Trade Data Bank?The National Trade Data Bank (NTDB) is an electronic database that contains information and statistics on exports promotion, imports and international economic information. NTDB is supplied by 15 government agencies in the United...
