An exploration of the role of expectations in economics, including various types and their impact on economic decision-making
A version of the Phillips curve that includes the influence of expected inflation on wage increases and demand pressure.
The anticipated rate of inflation projected by individuals or institutions for different future time periods.
A measure used in economics to denote the anticipated value of an uncertain situation in relation to wealth.
A measure used in economics to denote the anticipated value of an uncertain situation in relation to wealth.
Expected value is the probability-weighted average outcome of a random variable.
Spending by consumers, investors, or the government on real goods, services, and various transfers.
A comprehensive survey of household expenditure and food consumption in the UK, operational from 2001 to 2008.
An economic policy intended to change total expenditure through various fiscal and monetary measures.
Explanation of the expenditure function in economics, its applications, and related concepts.
The minimum cost for a consumer of achieving a given utility level.
Method of calculating domestic product using expenditure data from various economic sectors.
