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Economic 2
Beginning of essay
The American economy has many components which contribute to its growth and which affect its rate of inflation, but the overriding stimuli stem from the monetary and fiscal controls imposed by the Federal Reserve and government, respectively. The economy has enjoyed modest growth for several years ....
Middle of essay
....ls; this has led to some increase in service prices.
Consumer spending as measured through retail sales generally increased throughout the country during 1997 and 1998 with sales of durable goods (such as home furnishings and appliances) posting steady increases. These increases indicated that the economy continued to experience growth, but at a slow pace. This growth was also reflected in manufacturing where gains were seen in the Midwest and east. Construction materials and related goods we.... |
| Number of words: 858 |
Approximate pages: 4 |
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