This is an Article analysis for an Economics class. Examines the US economy and inflation.
Date Submitted: 09/10/2006 01:52:27
Category: / Literature / North American
Length: 2 pages (648 words)
Category: / Literature / North American
Length: 2 pages (648 words)
If someone earns a sum of money, and saves it rather than spends it, then, in no way can a person be losing wealth if not for inflation, which prompts the prices of all goods and services to rise. One may see this as a trend among businesses to maximize their profits. In reality, the root cause of the problem is not with businesspeople, but the Federal Reserve System continuously adding more money into the …
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…of more deadly bloodshed in Iraq.
Inflation is understood that when governments print plenty of money and spend considerably, watch out for rising prices to continue. However, the volatile stock market and with elections coming soon, I believe to expect the unexpected.
References
Freilich, Ellen. Data Puts Inflation in Focus. Retrieved online Jun 17, 2004 Website: http://www.reuters.com/financeNewsArticle.jhtml;jsessionid=0RS0105W2AE4ECRBAEKSFEY?type=businessNews&storyID=5450085
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