What is stagflation?
DEFINITION Stagflation is when there’s high inflation during a time of slow economic growth. Stagflation is a problem for policymakers,…
What is Unemployment Income?
DEFINITION Unemployment Income is a federal and state insurance benefit that pays money to workers who are eligible for…
What Does It Mean To Notarize A Document?
DEFINITION Notarized Documents are those that have been certified as authentic by a notary to ensure their authenticity. Notarization involves…
What is Annual Percentage Yield (APR)?
DEFINITION Annual percentage return is a rate of return on an investment for a period of 12 months that…
Understand the available balance in your bank account
When you check your account status, you may find that there are several balances including an “available” one.…
What is the Phillips Curve?
DEFINITION The Phillips Curve shows the relationship between unemployment and inflation. The graph shows that unemployment is lower when inflation…
Profit margins: What they tell you about the 3 types
Profit margin is the ratio of sales minus expenses divided by revenue. Profit margin ratio is a comparison of…
What Causes Underemployment and How Does It Affect You?
When workers are not able to use their full skills, education or availability, they experience underemployment. According to Organization for…
What is the formula for calculating unemployment rate?
The formula for unemployment rate is equal to the number of unemployed in the country divided by the number of…
What is demand?
In economics, demand is the desire and ability of a consumer to buy a product or service. Demand is…