You are welcome to ask any questions on Economics. Though you might also like to try google custom search (top right) to see if the topic has been covered before.
I am looking to explain economic principles / ideas/ recent developments in economics. I can’t promise to answer, but will try if it meets the criteria below.
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- I aim to try and simplify economics; as a rough guide I would aim at an understanding similar to a good British A Level student.
- I am looking to explain economic principles / ideas/ recent developments in economics.
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I have a question… I’ve seen graphs that show unemployment being negative. Unemployment in the graph goes below zero, I’ve researched it a little but the answers seem like nonsense to me. Could you help explain this for me? Thank you
It sounds nonsense to me too. Perhaps you mean inflation becoming negative (deflation). I have never seen a graph of negative unemployment.
Reference the article on the cnbc web site by Paul Toscano on Countries overloaded with debt.
My understanding was that the UK National Debt though smaller than its External Debt was of more concern in that it cant be paid back other than by relying on inflation, changing the terms of the Government Bonds or defaulting in the debt, whereas the External Debt though larger was backed by the assets of the owners of the debt. The National Debt though smaller is steadily increasing so long as the Deficit cant be cleared, whereas the External Debt is variable ranging from £100 trillion pounds to -£331 trillion pounds. I am now confused!
What effect does a drop in gas prices have on the output gap?
What are the limitations of an Efficient Market Hypothesis?
https://www.economicshelp.org/blog/1661/economics/efficient-market-hypothesis/
I’m trying to define products such as petrol and cigarettes. I’d like to know what kinds of products these are because I’d like to write a letter to the editor, people in my country are kicking a fuss over higher taxes on these 2 products compared to others, but I did some research and I realised other countries also do the same.
Friedman argued in his monetary history of the United States that the Great Depression occurred because bank failures led to a huge contraction in the money supply, and the Federal Reserve did not counteract this.
At the same time, Friedman argues for the quantity theory of money, which states that the if the money supply is cut in half, all that will happen is that the prices will be lowered by one half and there will be no real effects on the economy.
How can these two beliefs be reconciled?