The Washington Commanders paid more than $100 million for land in Virginia. Their plans include a 60,000-seat domed stadium; a practice facility; an amphitheater; an indoor music arena; high-end retail shops; bars, restaurants, and residential living.—espn.com
Category: MAT5
Macroeconomic Fluctuations (Aggregate Supply and Aggregate Demand)
Keywords: Aggregate demand, Aggregate supply, Output gap, Schools of thought
Parkin 14e Chapters 10, 11, 12
Bade-Parkin 9e Chapters 13, 14, 15
Parkin-Bade Canada 11e Chapters 10, 11, 12
Parkin-Bade Australia 2e Chapters 13, 14, 15
Parkin-Powell-Matthews 11e Chapters 26, 27, 28
Inflation Rates Edged Down in April
The government’s main tool to combat inflation rests with the Fed, which can raise interest rates. Higher lending costs tend to cool the economy by weighing on business and consumer spending, and eventually lead to lower prices overall.—washingtonpost.com
Very, Very Unlikely Fed Can Tame Inflation Without Sparking Recession
The Fed’s mission is to crush inflation without causing recession. The chances of pulling this off are very, very low because they have to push up the unemployment rate.—CNN Business
Unemployment Hits Pandemic Low in March
The labor market’s momentum has been accompanied by a surge in inflation, presenting a major headache for Federal Reserve officials. The Fed raised interest rates by 0.25 percentage points in March and has signaled further increases.—washingtonpost.com