Tag Archives: economy

Money Mondays: Gross Domestic Product

The Gross Domestic Product, or GDP, is probably one of those acronyms that you’ve heard a lot but don’t really understand unless you’ve taken an economics course. According to Investopedia, GDP is “the monetary value of all the finished goods … Continue reading

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Money Mondays: Unemployment

One often-discussed economic topic is that of unemployment. If you ever listen to the news, you’ve probably heard someone mention the unemployment rate. “This is the number of unemployed persons divided by the number of people in the labor force” … Continue reading

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Money Mondays: Monetary Policy

A few weeks ago we talked about the roles of the Federal Reserve, one of which is to develop monetary policy. This is managed by the Federal Open Market Committee, also known as the FOMC. The FOMC “[determines] the size … Continue reading

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Money Mondays: Inflation

Last week we discussed the Federal Reserve System, which is responsible for managing the economic health of our country. There are a number of factors the Fed must consider when creating effective monetary policy. One such factor is inflation, which … Continue reading

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Money Mondays: The Federal Reserve

The Federal Reserve, also called the Fed, is the central banking system in the United States. The Fed is responsible for printing national currency, issuing savings bonds and Treasury bills, regulating domestic and foreign member banks, and engaging in monetary … Continue reading

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Money Mondays: Competition

A few weeks ago we talked about supply and demand, and how there is an ideal equilibrium between the two. This equilibrium exists because of competition in the marketplace. According to Investopedia, “Under perfect competition, there are many buyers and … Continue reading

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Money Mondays: Cost-Benefit Analysis

Last week we talked about opportunity cost, or the cost of choosing to do or buy one thing rather than another. Think back on some of the big decisions you’ve made, such as choosing a college. When you made that … Continue reading

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Money Mondays: Opportunity Cost

Two weeks ago we talked about supply and demand. Whenever you buy something (playing a role in demand), you give up the opportunity to buy something else. Alternatively, whenever you decide to do something with your time (such as watch … Continue reading

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Money Mondays: Market Equilibrium

Last week we talked about supply and demand. This week we’ll focus on the relationship between those two concepts. The Law of Supply and Demand, illustrated by the graph below, states that there is an equilibrium between supply and demand. … Continue reading

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Money Mondays: Supply & Demand

Supply and demand are two foundational concepts in economics. According to Investopedia, supply “describes the total amount of a specific good or service that is available to consumers…. [All] else being equal, the supply provided by producers will rise if … Continue reading

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