…general conditions of the economy — say like whether at current prices there is excess demand for goods or excess supply of goods. Of course, no one could expect Barro…

…poor, Karelis argues, our economic worldview is shaped by deprivation, and we see the world around us not in terms of goods to be consumed but as problems to be…

…similar to something that the folks at Street Authority had in mind: GNP: Gross National Product measures the total amount of goods and services that a country’s citizens produce regardless…

The BEA released its estimate of the US current account balance for the third quarter of 2005: The U.S. current-account deficit–the combined balances on trade in goods and services, income,…

…advance estimate issued last month. The upward revision to the percentage change in real GDP primarily reflected upward revisions to residential fixed investment, to personal consumption expenditures for nondurable goods,…

…cost of consumer goods relative to the price of goods domestically produced. Certainly, any such unfavorable shock would lower wages relative to consumer prices inducing a fall in LFP. Such…

…that money on foreign goods, and (3) the foreign maker of those goods doesn’t spend that money on American goods, somehow debt is created. I don’t see it. Where’s the…

…does import U.S. goods – over $34 billion in 2004. A weakened China will necessarily import less. Chinese consumers will likely buy more products but at lower relative prices –…

…intermediate goods index advanced 0.7 percent, after moving up 0.4 percent in the previous month, and prices for crude goods fell 1.6 percent, following a 2.0-percent decrease in January. Kash…

…is largely spending by businesses on capital goods, would be reduced or crowded out….Dollar appreciation would, in turn, increase the price of American goods in foreign countries and decrease the…