Inflation and Recession in U.S Economy

The US economy is definitely a kind of roller coaster, with relatively long stretches of gradual business growth punctuated by sharp declines, but usually shorter. Fortunately, increases have already been much more prevalent compared to dereases, therefore, the economy continues to grow substantially in recent decades, providing more jobs and an improved quality of life for most people. The costs have already been reduced to a minimum. Unions are demanding larger increases to pay higher living costs also to give workers their share of prosperity. According to an article in the Richmond Times Dispatch of October 1998, in 1997, a recession that was only available in Southeast Asia spread to Japan and Russia and affected the economies of the United States. UU., Africa and the Middle East. In 2000, economic growth rates in the United States decreased from 5.6 percent to 2.4 percent. Companies are receiving more orders, so they promote production, hire more workers and have larger supplies of recyclable materials and components. When the United States slows down, those export sales become slow. The multiplier effect is taking hold. Some companies leave inactive capacity and can not match demand. the economy, “which accounts for about a quarter of world production,” not only affects the American people. They will have a direct effect on the entire planet.

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