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Economic 2
Part 1 of Paper
....f inflation, but the overriding stimuli stem from the monetary and fiscal controls imposed by the Federal Reserve and government, respectively. The economy has enjoyed modest growth for several years, and that can be expected to continue. The Federal Reserve is likely to raise interest rates in late 1999 or early 200.... Part 2 of Paper
....at a slow pace. Inflation was kept in check, the federal deficit declined, and unemployment was at near-record lows throughout the country. Despite this, there was little upward pressure on wages and, in general, consumers have seen some slight interest in their purchasing power. By late 1998, there was an increase in wages in some service industries and among computer and technical professionals; this has led to some increase in service prices.
Consumer spending as measured through retail sa.... |
| Number of words: 858 - Approximate pages: 4 |
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