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Essay

Economy

Essay specific features

 

Issue:

American History

 

Written by:

Walter B

 

Date added:

December 29, 2010

 

Level:

University

 

Grade:

B

 

No of pages / words:

3 / 637

 

Was viewed:

4810 times

 

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Essay content:

Then the companies had to cut production and the economy slowed down and sometimes even moved into a recession. But this time it is different. This business cycle is different from those throughout the post-war era. This time the economy did not slow down because of price inflation and the Fed did not force interest rates much higher...
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This time the economy did not slow down because of price inflation and the Fed did not force interest rates much higher. The economy weakened so dramatically because companies quickly cut production and employment as disappointing sales led to an involuntary inventory accumulation. The high inventory built-up resulted from a drop in consumer spending...
displayed 300 characters

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