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Essay / Research Paper Abstract
A 3 page paper. This essay includes the average annual unemployment rates from 1998 to 2002 and the inflation rates for the same years. Recent data regarding the deficit is briefly reported. Finally, the writer responds to the question – why the U.S. government can say its monetary policies are working? This leads to a brief discussion about the recession. 3 Tables are included. Bibliography lists 5 sources.
Page Count:
3 pages (~225 words per page)
File: MM12_PGec98.rtf
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Unformatted sample text from the term paper:
1999 4.2% 1998 5.1% (Source: U.S. Department of Labor, 2003). Inflation Rates Inflation rates for the last five years are reflected in the following table. Table 2: Annual Inflation Rates
Year Inflation Rate % 1998 1.6% 1999 2.2% 2000 3.4% 2001 2.8% 2002 1.6% (Source: Federal Reserve Bank Minneapolis, 2003). Inflation rates are at their lowest in nearly 40 years
(ICS Cleaning Specialist, 2003). During the last year, the inflation rate dropped in half from 2.4 percent to 1.5 percent (ICS Cleaning Specialist, 2003). Because deflation represents a danger to
the overall economy, the Federal Reserve Bank has decided to keep its rate for funds at 1 percent (ICS Cleaning Specialist, 2003). This is the lowest rate in the
last 45 years (ICS Cleaning Specialist, 2003). As of September 16, 2003, the unemployment rate was 6.1 percent (ICS Cleaning Specialist, 2003). This is the highest unemployment has been in
nine years (ICS Cleaning Specialist, 2003). Balance of Payments [Note: We are not certain of which balance of payments you are referring to. Deficits and surpluses change by the
month and by quarter. There is constant movement in trade deficits and surpluses. We have provided some general information for you.] The overall balance of payments did not change much
in 2003Q2 (Weinberg, 2003). It remained at $138.7 billion in the second quarter (Weinberg, 2003). The deficit in goods was offset by at least equal increases in "surpluses on income
and on services and a decrease in net outflows for unilateral current transfers" (Weinberg, 2003). In the last quarter, deficits were realized in goods and services (Weinberg, 2003). Surpluses
were seen in income (Weinberg, 2003). The following table provides data regarding the changes between 2002 and thus far in 2003. Table 3: Balances Change $ in millions Change 2002-2003
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