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Article Analysis: Let's Get Fictional (Economics)
Essay specific features
Written by:
Keith T
Date added:
May 1, 2014
Level:
University
Grade:
A
No of pages / words:
4 / 1069
Was viewed:
3437 times
Rating of current essay:
Essay content:
Today, as in the 1990's the U.S. has reached a record low unemployment rate, which "is the percentage of people in the economy who are willing and able to work but who are not working." (Colendar, 2004). Included in this conundrum we see steady declines in the U.S. inflation rate. Inflation "accelerates when an economy is operating above potential, one way of estimating potential output is to estimate the rate of unemployment below which inflation has begun to accelerate in the past...
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inflation rate. Inflation "accelerates when an economy is operating above potential, one way of estimating potential output is to estimate the rate of unemployment below which inflation has begun to accelerate in the past." (Colendar, 2004).
For many economists, optimism in the economy's strong performance was, and is today, tempered with a quizzical somewhat dismayed reservation...
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