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

The economy contracted by 0.3% in the first quarter, according to the official report on Gross Domestic Product. Widespread worry about consumers and businesses postponing purchases and hiring ...

Last week, Trump announced what the administration calls “reciprocal tariffs.” These tariffs, based on bilateral trade deficits, would represent a $1.8 trillion tax increase over the next 10 years.

Explore the causes and implications of below full employment equilibrium, where short-run GDP falls below potential output, leading to resource underutilization.