Economists – Page 7 – itho's internet resources

What Is an Economic Shock & Effects of Different Types

By Itho August 22, 2007

[ad_1] What Is an Economic Shock? An economic shock refers to any change to fundamental macroeconomic variables or relationships that has a substantial effect on macroeconomic outcomes and measures of…

Economic Indicator: Definition and How to Interpret

By Itho July 3, 2007

[ad_1] What Is an Economic Indicator? An economic indicator is a piece of economic data, usually of macroeconomic scale, that is used by analysts to interpret current or future…

Understanding the Equity-Efficiency Tradeoff: Definition and Key Examples

By Itho June 13, 2007

[ad_1] What Is an Equity-Efficiency Tradeoff? The equity-efficiency tradeoff is the tension between maximizing wealth and achieving a fair distribution of that wealth. It is central to economic and social…

Consumer Surplus: Definition, Measurement, and Example

By Itho May 31, 2007

[ad_1] What Is Consumer Surplus? Suppose you're able to get a deal on a smartphone for $500 when, let's face it, you'd have paid $800, given its features. The $300…

Definition and What It Measures

By Itho May 29, 2007

[ad_1] What Is the Employment-to-Population Ratio? The employment-to-population ratio, also known as the “employment-population ratio,” is a macroeconomic statistic that measures the civilian labor force currently employed against the total…

Equation of Exchange: Definition and Different Formulas

By Itho May 18, 2007

[ad_1] What Is the Equation of Exchange? The equation of exchange is an economic identity that shows the relationship between the money supply, the velocity of money, the price level,…