An Introduction to Economic Indicators
A look at what economic indicators are and how we can use economic indicators.
A discussion on how we measure how big the economy is and how it is performing.
We investigate the following claim: "When I was in school during an Economics lesson, I distinctly remember the professor talking about something called the Super Bowl effect. Basically, it goes like this. If a team from the AFC wins the Super Bowl, the national economy will do bad. If a team from the NFC wins the Super Bowl, the national economy will do great. He said there wasn't much proof either way, but in for many of the years of the Super Bowl being played, it was more or less true."
A look at the difference between expansionary monetary policy and contractionary monetary policy. The article answers the question "I'm having a little trouble trying to understand expansionary monetary policies and contractionary monetary policies. Can you help explain what impact expansionary monetary policies and contractionary monetary policies have on the economy?"
An economic indicator is simply any economic statistic, such as the unemployment rate, GDP, or the inflation rate, which indicate how well the economy is doing and how well the economy is going to do in the future. This article details key economic indicators and the relationship they have with the economy.
Generally a real variable, such as the real interest rate, is one where the effects of inflation have been factored in. A nominal variable is one where the effects of inflation have not been accounted for.