Is Laissez-Faire Dead?: The New Economic Thought Of Ben Bernanke

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Issue:

Business

 

Written by:

Shirlee W

 

Date added:

December 12, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

15 / 3946

 

Was viewed:

8622 times

 

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Essay content:

Rather than the Feds, to stem the rising inflation continues to cut key interest rates in order to stabilize the economy from an impending doom called “the recession”. According to the National Bureau of Economic Research, the agency now officially defines a recession as "a significant decline in economic activity spread across the economy, lasting more than a few months”...
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From history a recession is defined as two consecutive quarters of declines in gross domestic product. An example is reminiscent of the stock market crash in the early 1930s that not only brought America to her feet but also has the whole of Europe following suit. For someone like Bernanke, he has to choose between two evils...
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