The business cycle is a recurring pattern of expansion and contraction in economic activity. It consists of four phases – expansion, peak, contraction, and trough – that interact and influence the overall health of an economy. One of the key measures used to track these fluctuations is real Gross Domestic Product (GDP), which provides a… Continue reading Tracking the Ups and Downs: Examining the Business Cycle’s Influence on Real GDP
Monetary policy plays a vital role in shaping economies. Central banks hold immense power, as they are responsible for managing the money supply, interest rates, and financial conditions within a country. With these tools at their disposal, central banks can exert a significant influence over various economic factors, such as inflation, employment, and economic growth.… Continue reading The Power of Monetary Policy: How Central Banks Influence Economies
