8.5 current events.pdf - Jack Barry Current Events 1 The...

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Jack Barry Current Events 1. The long-run trend for economic growth in the U.S. is steady growth. Since 1890, the economy has been steadily moving upward. Despite recessions and times of inflation throughout the 1900’s, causing dips in the economy, it still moves upward. 2. Historically, the economy has reacted to recessions by assuming that it will bounce back in due time. Ultimately, the economy acts relatively neutral toward recessions. On one hand, the economy is aware of its ability to recover from recessions, but on the other hand is aware that deeper, more lingering recessions such as the credit crisis will take
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