What is a Business cycle? When the Gross Domestic Product (GDP) fluctuates around its long-term natural growth rate, it is said to be in a business cycle. It shows how an economy changes through time, expanding and contracting in terms …
What is Monetary Economics? The field of economics known as “monetary economics” focuses on the various competing theories of money. It offers a framework for analyzing money and takes into account its functions as a medium of exchange, a store …