Alan Greenspan, Chairman Of The Federal Reserve Board:
Essay specific features
May 28, 2011
No of pages / words:
2 / 463
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He is expected to push the level of prosperity to a higher stage. Alan Greenspan is known as a man of his profession to realize the power and impact of new technologies for the 21st century.
The Fed's job of stabilizing output in the short run and promoting price stability in the long run is made more difficut by two main factors: the long and variable lags in policy, and the uncertain influences of factors other than monetary policy on the economy...
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As we step into the 21st century, the wide spreads of computer industries and advance technologies have enhanced the productivity. When workers and capitals are more productive, the economy can expand more rapidly without creating inflationary pressure. U.S. today has experienced a capability surge brought on by the utilization of computer and hi-tech developments...
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