Overview of the U.S. Economy

Over the last twenty years the U.S. economy has generally done well. This time period includes the tail end of the severe recession of the 1970's, but shows a quick recovery in the early 1980's and steady growth throughout most of the 1990's.

Inflation has shown a steady downward trend, though a small

recession in the early �90's saw a slight increase. In the past two to three years, the tight labor market threatened to push prices up slightly. The Federal Reserve has reacted with conservative movement of the Federal funds rate.

Government income and expenditures have continued on an upward trend. Income has continued to increase at a faste

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Category: Economics - O