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Rational Expectations Theory: Definition and Function | ORBITAL AFFAIRS
Rational expectations theory proposes that outcomes depend partly upon expectations borne of rationality, past experience, and available information.
Finance vs. Economics: A Comprehensive Comparison | ORBITAL AFFAIRS
Learn the differences between finance and economics, two closely related disciplines, and how they inform and influence each other.
GDP’s Significance | ORBITAL AFFAIRS
GDP is an accurate indicator of the output of an economy, and the GDP growth rate is probably the single best indicator of economic...
Analyzing Mexico’s GDP in Emerging Markets
Examining the gross domestic product growth and composition of Mexico, the second-largest economy in Latin America.
Fed to Raise Rates Again: Will CD Returns Surge Higher?
The Fed has already pushed CD rates to record levels—as high as 5.85%. But it still has three 2023 meetings to go. Will it...
Sovereign Credit Rating: Definition, How They Work, & Agencies
A sovereign credit rating is an independent assessment of the creditworthiness of a country or sovereign entity and how risky investing in it might...
When do economists prefer using Real GDP over GDP?
The real GDP number is adjusted to remove the effects of inflation, so it is a more accurate gauge of the nation's real output...