Economics

Recent Answers

2012-01-28 Economics - unemployment rate:

Hello Amanda,    your confusion is perfectly understandable - and legitimate.    It stems from the misuse of saying "unemployment rose by 1%" or "unemployment fell by "2% opposed to last year" when the

2012-01-24 Economics - Selling/dumping US debt by China?:

Hello Michael,    China (and others) holds US debt by having purchased US Treasury bonds, i.e. by having given the US Treasury a loan in exchange of the promise to be repaid in e.g. 30 years and by annual

2012-01-23 Economics - Buying debt:

Hi, Michael--    Thank you for a couple of interesting questions.    I don't know how the economy in Singapore works, so I can't comment in your country's context. But let me try to explain in a way that

2012-01-23 Economics - Inflation VS Unemployment:

Randy, you've asked a complicated question. I'm 3,000 miles from home right now, and I'm working. Therefore, I'll have to defer answering until I'm back in my office. That will be in a couple of days.

2012-01-17 Economics - wage rates and labour mobility:

OK, Heri. Here we go.    Let me start with a basic statement about economics: it's the study of choice. Choices have consequences. I assume we're OK so far, but let me know if you have a question with