The Economic Future In The Year 2000

the economic future in the year 2000 The economy has performed exceptionally well for the then(prenominal) several long time, combining rapid harvest-festival and very low unemployment with declining inflation. “Not only has the expansion achieved learn length, but it has done so with far stronger growth than expected,” verbalize Federal Reserve Chairman Alan Greenspan in his remarks to the National federation Reinvestment Coalition annual conference in Washington (Business Week, The McGraw-Hill Companies, scotch Outlook, March 6,2000).

Figures show that since 1996, the growth of GDP has averaged more than 4 percent, compared with an average of approximately 3 percent since 1973. Because of those four years of rapid growth, the unemployment rate has fallen to 4.1 percent, its lowest level since January 1970. Consumer value Index (CPI) inflation, excluding food and energy prices, had been vacillating at about 3 percent per year earlier in the decennium but was roughly 2 percent over the past yea...If you want to get a full essay, order it on our website: Orderessay

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