Goods and services can be either elastic or inelastic. Elastic means the product is more sensitive to price changes, such as luxury goods and non-necessary items. Inelastic means the product is less ...

Rational expectations is a basic economic theory that originated with a paper written in 1972 by future Nobel Prize-winning economist Robert Lucas. The theory of rational expectations has been ...

"The Ramsey Show" features a question of the day that leads to interesting conversations. Dave Ramsey, host of the show and author of several bestselling financial books, agreed with one of his ...