How does the Central bank control inflation?
You may have heard in the news in the last year, that the Fed has been raising the interest rate. In this post, I will… Read More »How does the Central bank control inflation?
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economic concepts
What are the Fed’s new monetary policy tools?
Today we’re going to talk about a really important topic: what are the main tools that the Federal Reserve uses to influence the economy and… Read More »What are the Fed’s new monetary policy tools?
How government intervention is needed for social benefit?
Today, we’re diving into the fascinating world of economics to discuss a crucial concept that often goes unnoticed but has a profound impact on our… Read More »How government intervention is needed for social benefit?
The economics behind overbooking done by the Airlines
Picture this: you’ve arrived at the airport, excited about your upcoming trip, only to hear those dreaded words at the gate, “We regret to inform… Read More »The economics behind overbooking done by the Airlines
Understanding Credit Scores
A credit score is a three-digit number that represents your creditworthiness, that is, how likely you are to repay a debt. Credit scores range from… Read More »Understanding Credit Scores
The latest inflation report is out! What to expect next from the Fed?
The bureau of labor statistics (BLS) just released the inflation number for January 2023 for the United States.
There is a 0.5% increase from the December number, and inflation sits at still a whooping high of 6.4% over the last 12 months from January 2022.
Does more money make people happier?
The answer to this question is not very easy. I think it depends on a person’s income or wealth level and state of their mind.… Read More »Does more money make people happier?
Law of demand, price elasticity and its implications in our everyday lives
When the price of something falls people usually demand more of it. This happens because you can now afford to buy more of it and also more people can afford it now. This is called the law of demand. We will also learn the concept of elasticity of demand.
What factors influence the exchange rate?
Many factors can influence the currency’s demand and the exchange rate.
How does people’s expectation about inflation affect the actual inflation?
What people like you and me think about inflation directly impacts the actual inflation rate. So, if we think inflation will be high in the… Read More »How does people’s expectation about inflation affect the actual inflation?
