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Controlling the Economy with Interest Rates Does it Accomplish the Task on the Consumer Side?

Essay specific features

 

Issue:

Business

 

Written by:

Sandra B

 

Date added:

July 19, 2017

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 755

 

Was viewed:

9694 times

 

Rating of current essay:

 
Essay content:

Today, people have the ability to spend more and more because of the increasing credit handed to consumers. Our Nation, from the individual to the Federal government has adopted a buy now and pay later philosophy. Not only do we now charge everything imaginable but today the average person only manages to save roughly 3% of their total income...
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Not only do we now charge everything imaginable but today the average person only manages to save roughly 3% of their total income. The personal savings rate has decreased by 40% since 1985 while outstanding credit balances have increased by 60%. These peculiar habits provoked the following study in an attempt to determine, if indeed, fluctuation of U...
displayed 300 characters

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