Macroeconomics - James K. Galbraith; William Darity Jr.
KORTE INHOUD
In the late 1990s, the United States achieved an economist's dream. Unemployment was below four percent of the labor force for three years in a row. Jobs were plentiful, and job markets were tight. Growth was strong, the stock market was extremely high. And yet there was no increase in the rate of inflation. Moreover the federal budget went into surplus, with tax revenues exceeding public expenditure for the first time in thirty years.
Since that happy moment, dark times have come again, with a recession in 2001, accompanied by lost jobs and rising unemployment and punctuated - though not caused - by terrorist attacks on New York and Washington on September 11, 2001. There followed two years of near-stagnation, with recovery resuming only in mid-2003. But now, as we write in the fall of 2005, the U.S. economy is again growing, and the unemployment rate is stable near five percent. Still the economy has problems that worry many. Budget deficits have returned. Trade deficits are exceptionally high. I...
Since that happy moment, dark times have come again, with a recession in 2001, accompanied by lost jobs and rising unemployment and punctuated - though not caused - by terrorist attacks on New York and Washington on September 11, 2001. There followed two years of near-stagnation, with recovery resuming only in mid-2003. But now, as we write in the fall of 2005, the U.S. economy is again growing, and the unemployment rate is stable near five percent. Still the economy has problems that worry many. Budget deficits have returned. Trade deficits are exceptionally high. I...
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2005, 501pp, Hardcover in goede staat, naam voorin geschreven. [Auteur: Galbraith, James K., Darity Jr., William] [Taal: en] [Uitgever: VSSD] [Jaar: 2005] [Titel: Macroeconomics]
