logo

Economic Tumbles in USA Assignment

4 Pages437 Words118 Views
   

Added on  2020-05-16

Economic Tumbles in USA Assignment

   Added on 2020-05-16

ShareRelated Documents
Running Head: ECONOMIC TUMBLES IN USANameProfessorInstitutionCourseDateTHE ECONOMIC BOOMS AND RECESSION IN USA
Economic Tumbles in USA Assignment_1
ECONOMIC TUMBLES IN USA2The US economy is currently operating under the Neoclassical Perspective and Aggregate Supply. Economic growth has gone down below its potential in the past and at times it also went above the potential[CITATION Gra14 \l 1033 ]. The recession that occurred in the year 2008and 2009 in the US made the economy to tumble into recessions and this has made it to remain below its potential to date. Sometimes back in 1990s, the economy was at a potential GDP. Most of the economic recessions and upswings occur when the economy is running between 1-3% of either below or above the potential level of GDP[CITATION Gra14 \l 1033 ]. The potential GDP determines the size of the economy and it is represented in the figure below.
Economic Tumbles in USA Assignment_2

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Aggregate Models and Macroeconomic Policies
|8
|1343
|49

Principles of Economics
|11
|1483
|41

(Doc) The Great Recession in UK
|7
|1003
|133

Macroeconomic Factors and the Role of Government
|16
|3598
|11

Macroeconomics: Demand-Pull and Cost-Push Inflation, Keynesian-Monetarist Controversy, Impact on AD-AS, Banks and Money Creation
|11
|1471
|471

Assignment On Impact Of Additional Monetary Stimulus
|9
|1903
|27