Economics is the social science that studies the production, distribution, and consumption of goods and services. It analyzes how individuals,…
The base rate is the fundamental interest rate set by a central bank, influencing borrowing costs throughout an economy. It…
Average earnings growth measures the typical increase in wages or salaries over a specific period. It reflects changes in compensation…
Stagflation is a complex economic condition characterized by high inflation, slow economic growth, and high unemployment. Understanding its causes and…
The Retail Prices Index (RPI) is a measure of inflation that tracks changes in the cost of a representative basket…
The real interest rate reflects the actual purchasing power of returns on an investment or loan. It accounts for inflation,…
The quantity theory of money posits a direct relationship between the money supply and the general price level. An increase…
Quantitative easing is a monetary policy where a central bank injects liquidity into markets by purchasing assets. It aims to…
The Producer Price Index (PPI) measures the average change over time in selling prices received by domestic producers for their…
The nominal interest rate is the stated interest rate before accounting for inflation. It represents the simple percentage charged on…