The short run in economics refers to a period when at least one factor of production remains fixed, limiting a business’s ...

Long-run forecasting seems difficult, especially in light of the challenges of short-term forecasting, such as whether we’ll have a recession, if inflation will come down, or if the Ukraine war will ...

Monetary policy is often regarded as having only temporary effects on the economy, moderating the expansions and contractions that make up the business cycle. However, it is possible for monetary ...

Employment growth has consistently come in above pre-pandemic estimates of the rate needed for unemployment to stay near its long-run natural rate. Even so, unemployment has held steady, which raises ...