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Inflation is a sustained rise in general price levels. There are several causes for prices to rise. When production costs, such as wages and raw material prices increase- cost-push inflation occurs. Infla...
In Macroeconomics, a balance of payments or balance of trade deficit is where the total imports (M) received by an economy exceed that of exports (X). The balance of payments is a component of aggregate d...
Interest rates, which represent the cost of borrowing money and the returns from saving it, are used by central banks to control the level of inflation. If the central bank wants to increase inflation, it...
A recession is when an economy experiences negative growth in terms of GDP for two or more consecutive quarters. If an economy such as that of the US, a major trading partner, were to enter a recession it...
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