"Inflation is taxation without legislation."
MILTON FRIEDMAN
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Economics and politics student from Germany. Interested in a broad field of topics and trying to easily break down topics from his studies to everyone.
In this Mini-Series, we will talk about the key concepts of macroeconomics. I will shortly explain each concept in a respective post. This is part 3 of 5, covering Inflation.
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Takeaways
- Meaning:
Fiscal policy is how governments use spending and taxation to manage the economy.
- Application:
It can be expansionary (more spending/low taxes) or contractionary (less spend...
Is the World Ready for Carbon Prices?
Mitigation of climate change is a global responsibility that all nations take part in.
Being in an era where industrialization and modernization exacerbate the condition of our environment, among the measures that policymakers proposed to ease the impact of this environmental phenomenon is...
Demand-Pull Inflation
Demand-pull inflation is the increase in aggregate demand, categorized by the four sections of the macroeconomy: households, business. governments. and foreign buyers.
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