An economy’s potential depends on its resources, and the US economy’s most vital resource is its people. The economy continues to expand, but it is hindered because growth in its aggregate supply has not kept up with growth in its aggregate demand. Record increases in income propelled the economy through the second quarter. But the economy’s growth has been limited because many people fearing COVID have chosen not to return to work. Shipping problems have also constrained aggregate supply. Inflation is the consequence when an economy’s aggregate demand increases at a faster clip than its aggregate supply. To learn more about the US economy’s progress and where it is heading, access the government reports here and read our summary of vital statistics and analysis. More
Economics impacts our lives every day. Check out some of the top storylines from this past week related to economics. More
Economics impacts our lives every day. Check out some of the top storylines from this past week related to economics. More
Nearly every industry has been challenged by the COVID-19 pandemic in some capacity, whether it’s a suffering business struggling to stay afloat or a company that’s struggling to meet a booming demand. By interviewing experts in their respective fields, Higher Rock Education examines the short-term and long-term impacts of the COVID-19 pandemic in a wide range of industries. More
