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Business Statistics of the United States: Patterns of by Cornelia J. Strawser

By Cornelia J. Strawser

Company information of the USA is a finished and sensible selection of info appropriate to the nation's monetary functionality given that global struggle II. It offers as much as seventy seven years of annual info in local, demographic, and business element for key signs akin to gross household product, own source of revenue, spending, saving, employment, unemployment, the capital inventory, and extra. This e-book a long way surpasses the commercial document of the President in delivering ancient information and invaluable information regarding definitions, assets, tools, and present statistical controversies which are crucial for knowing and evaluating monetary measures.

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Extra resources for Business Statistics of the United States: Patterns of Economic Change

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Inflation was negative again in 1955 in the aftermath of that war’s end and the 1954 recession. Inflation rose during two recoveries in 1956–1957 and 1960, but fell back to about 1 percent—generally judged to represent price stability because of remaining and irremediable biases in the price indexes—in the slack years of 1961 and 1962. However, as the 1960s progressed, the federal government embarked on a stimulative fiscal policy with the intent of attaining an unemployment rate lower than those observed in the 1950s and early 1960s.

This indicated less pressure on prices from one cycle to the next, helping to offset the effect of lower unemployment rates over the same intervals. The issues involved in the relationships between inflation, economic growth, and unemployment are far from settled. Debate continues about the relative roles of monetary policy, tax rates and other aspects of fiscal policy, global competition, other supply considerations, labor market institutions, and expectations. S. ) Business cycle comparisons Business Statistics now also provides expanded data on earlier cyclical recoveries that users may compare with current data.

However, the 2 complete cycles since that time lasted 108 months (July 1981 to July 1990) and 128 months (July 1990 to March 2001). After the severe 1981–1982 recession, which wrung out the inflation of the 1970s, recessions have become less frequent and changes in both directions have become less volatile. See the business cycle chronology in the notes and definitions for Chapter 1 and Figures 1-1, 1-3, 2-1, and 8-1. GENERAL NOTES These notes provide general information about the data in Tables 1-1 through 21-2.

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