Posted by admin | Posted in Homeschool Items | Posted on 08-02-2010
Tags: blog, economics, economics today macro, economics today macro view, photo, photography, sas today macro, software, today macro, today macro excel, tools
Today Macro
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Macro Economics!!!Compare the US economy today with that of the 1979 US economy. Has the economic pen....?
1.Compare the US economy today with that of the 1979 US economy. Has the economic pendulum swung towards more free market or more government interference?
3 examples to support the argument please.
In 1979, it was the second oil shock. The US is the most consumption of oil on earth, and it has to import almost of it. The effects caused the value of dollar to go downhill, and then high inflation and unemployment. In 2008, the US economy was in crisis due to subprome loan, the loan that cannot pay back. It has caused the deflation and high unemployment of about 2 millions.