This preview shows page 1. Sign up to view the full content.
Unformatted text preview: ith employers investing in
capital before reinvesting in labor.
However, efforts are being made by the private and
public sectors to sustain the recovery. Companies
are doing what they know best—finding ways to
market goods and services even during the most
uncertain of times. Consumer-driven firms are successfully taking measures to lure customers back to
the market through attractive pricing and payment
programs, including the return of layaway. Despite
the current debt debate in Washington, lawmakers
continue to devise plans to spur growth with ideas
ranging from incentives to tax cuts. The Fed also
continues to reinvent—following two quantitative
easing measures, it has now committed to keeping
REAL GROSS DOMESTIC PRODUCT
short-term interest rates low for two years and took
2003 - 2012
(In Millions of Chained 2005 Dollars) measures to lower long-term interest rates through
an exercise dubbed “Operation Twist.”
Looking to 2012, the rate of expansion will be
most influenced by employment growth, the
European sovereign debt crisis, and federal spending cuts. With this ba...
View Full Document
This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.
- Spring '13
- The Lottery