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Unformatted text preview: ---------------------------------------This essay was downloaded fromCheatHouse.com (c) Gradua Networks 1995-2007.More essays, papers, reports, study notes and more can always be found at:- http://www.CheatHouse.com ----------------------------------------Summary of TestimonyThe monetary policy report begins discussing the first half of 1996. The review stated that the first half had been went better than it was expected to go. In addition, the review stated that GDP went up by 2 ¼ and that industrial production rose by 5 1/2., and that manufacturers were running above postwar averages. Also, a topic that was discussed in the beginning and in most of the report was inflation. In report affirmed that inflation had been inactive. Overall in the first half of 1996, things looked good for the economy. A few other factors that assisted the growing economy are low interest rates, banks were eagerly looking to lend money, and the stock market was rising. The economy was booming, and Greenspan stated that the economy would eventually establish to a sustainable pace in the latter part of the year....
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This note was uploaded on 01/30/2010 for the course RESEARCH all taught by Professor None during the Spring '10 term at A.T. Still University.

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