Browsing: Gross Domestic Product

A recession is technically defined as two consecutive quarters of the fiscal year with a decline in the gross domestic…

Hyperinflation is a situation of very high, fast, and uncontrolled increases in the prices of goods and services in the…

International trade is the exchange of goods and services across international boundaries. It is essential for the global economy to…

Central banks can generate a virtual currency called central bank reserves. Banks can use these reserves to transfer payments to…

Money is a collective belief system grounded in trust. Money is the greatest trust system devised by humans. Society collectively…