Acting As The Economic Advisor To The President. Responses To Questions Asked.

Running head : PRESIDENT S ADVISORActing as the Economic consultant to the PresidentNAMEINSTITUTIONCOURSECODETUTORDATE1 . The business cycle is the economists metric for describing the current state of the miserliness : Ranging from economic boom to ceding back How would you describe the U .S . parsimoniousness s current position in the business cycle ? What does some(prenominal) of the data suggest ? give a detailed answerThe US economy is currently in recession . This recession has been brought active by the fall of the US stock exchange give thanks to the mortgage crisis . The greater part of the 1990s and early twenty-first century the US economy experienced positive result . With an average ontogenesis of , in the 1990s compared with the current step-up of , the US economy is definitely experiencing a slowdown (Cutler , D . Poterba , J Summers , L .

2001The US economy experienced a recession similar to the present in 1987 This recession was caused by the fall of NASDAQ stock exchange and was consequently known as the NASDAQ crush . From this period , the US economy experienced growth of an average of until the 2000-2002 global stock market crash which accounted for a slowdown in economic growth This slowdown was just short-lived and the economy was back on its growth manner . This growth was similarly short-lived as the current identification crunch started been witnessed by the US financial market . The recession might not go away soon , to a greater extent casualties are expected but the United States has not withal reached the depression...If you want to get a full essay, order it on our website: Orderessay

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