The Future Of The Economy In The Year 2000

The Future of the Economy in the year 2000 The economy has performed exceptionally well for the previous(prenominal) several eld, combining quick emergence and very low unemployment with declining inflation. ?Not only has the expansion achieved enroll length, but it has done so with far stronger growth than expected,? let the cat out of the bag Federal Reserve Chairman Alan Greenspan in his remarks to the National appoint Reinvestment Coalition annual conference in Washington (Business Week, The McGraw-Hill Companies, economic Outlook, March 6,2000).

Figures show that since 1996, the growth of GDP has averaged more than 4 percent, compared with an average of about(predicate) 3 percent since 1973. Because of those four years of rapid growth, the unemployment rate has fallen to 4.1 percent, its lowest level since January 1970. Consumer set power (CPI) inflation, excluding food and energy prices, had been vacillating at about 3 percent per year earlier in the disco cooky but was roughly 2 percent over the past year (Bank of Americ...If you want to get a full essay, magnitude it on our website: OrderCustomPaper.com

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