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Essay

Current Economic Climate

Essay specific features

 

Issue:

Business

 

Written by:

Gregory B

 

Date added:

September 29, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

5 / 1289

 

Was viewed:

8264 times

 

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Essay content:

Stagflation being a period of slow growth, somewhat high unemployment, and a rise in inflation should be more of a concern than just a few weeks of press and then forgotten about. According to the Department of Labor, consumer prices are up over four percent over the past year. This figure does not include the price of food or energy which is also up significant levels...
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While current inflation is not the inflation that occurred in the 1970’s, it is still cause for concern especially when they are predicting commodities such as gas prices to go up to over $4 a gallon this summer. Other commodities have been on the rise too. For instance the prices of wheat and corn have seen a recent increase which in turn causes other products made from these resources to go up...
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