Some ways to save money and cut expenses
Who doesn’t like to see some extra money in their savings without having to sacrifice their living standard? Saving is the money left after subtracting… Read More »Some ways to save money and cut expenses
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economic concepts
The jobs market in the US is still going strong
Two days ago, President Joe Biden proudly posted that the unemployment rate in the US was 3.5% in July. This matched the lowest rate in… Read More »The jobs market in the US is still going strong
Why did Fed raise interest rates again, making borrowing more expensive?
The Fed decided to raise the target range for the federal funds rate from 2.25% to 2.5%.
Inflation is usually driven by strong consumer demand, which is not matched by the supply. Supply bottlenecks with China during the Covid pandemic, Ukraine war, etc have all contributed to a weaker supply of many essential items we use every day. Since many of the supply chain issues can’t be fixed in short term, the Fed is trying to govern the demand aspect of the inflation. By raising interest rates, and making borrowing more expensive, the Fed is hoping to weaken Americans’ willingness to spend money and ultimately bring inflation to its 2% target level.
Commonly used macroeconomic terms that you should know
Today, I explain some of the most widely used macroeconomic terms relating to a country’s economic performance. These are the terms we often read in… Read More »Commonly used macroeconomic terms that you should know
What role do models and graphs play in economics?
Our economies are complex, but by making some simple assumptions, we can focus on what is most relevant in explaining something. For this reason, economists… Read More »What role do models and graphs play in economics?
How price of anything is set?
The answer to this complex question is simpler than you might think. Do you think a business can charge whatever price it wants, to get… Read More »How price of anything is set?
What are our real earnings when we deposit money in our savings accounts?
If I asked, “What’s the interest on your savings account?” many of you will tell me the interest rate that the bank is stating. However,… Read More »What are our real earnings when we deposit money in our savings accounts?
What are the different types of economies in the world and where does the US rank in terms of economic freedom?
We know economics is all about putting resources to their best use, so we get the most out of it. Economists use a fancy term… Read More »What are the different types of economies in the world and where does the US rank in terms of economic freedom?
We hear this word so much in news, but what exactly is an economy?
Has it ever happened to you while listening to the news that there is some big scary vague thing called the economy that’s just out… Read More »We hear this word so much in news, but what exactly is an economy?
What is causing the prices to rise the world over? Understanding inflation and its causes
The most talked-about topic affecting everyone for now almost a year is inflation. Your money loses its purchasing power, you need more money to buy… Read More »What is causing the prices to rise the world over? Understanding inflation and its causes
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