In order for this to happen there must be a lot of industrial production happening. If you look at the history of industrial production, when ever there has been a drop, consumers have stopped spending and a recession has taken place. During the oil crisis from 1973-1975, the industrial production rate fell to about 74%. In 1983 the industrial production rate fell to 71% sparking the recession of the 1980's. Again in 2001, the industrial production rate fell to 74% after September 11th, causing the recession of the 1990's. Today the industrial production rate has fallen to about 73% leading to the current recession (History...
Economic Recession, n.d.). If history holds true the industrial production rate will go back up and consumers will once again spend money and the recession will fade from our memory until the next one comes along.
D.). In order to understand this idea about inventories, it is necessary to understand that if the prices were to change and not be rigid, then it would be the prices and not the inventories that would guide companies in their decisions about production. For example, if prices were increasing, a company would know that their product is popular and that they should increase the production of it. And if the
Edgar Hoover, makes public its continuing investigation into the activities of black nationalist organizations, singling out the Black Panther Party in particular, Hoover viewing the group as a national security threat. January 05, 1970 Blacks Move Out of Inner Cities: The Bureau of Census statistics show as the quality of life in poverty-stricken urban communities worsens, a continuous stream of middle-class blacks escape to higher-income neighborhoods and suburbs. February 13, 1970 First Black
Economic Trends In terms of output and growth, Canada's real GDP was 2.96% higher than it was a year ago, but the growth trend is slowing down from a growth rate high of 3.81% in Q3 2010. Japan's economy has contracted in Q2 2011 by 0.76%. It's rate has been volatile, growing rapidly over the past year only to contract again. The UK's growth rate is 1.63%, and that country has
Economics There are a number of different causes for the most recent recession in the United States. The primary cause was instability in the banking industry, which was brought about mismanagement of mortgage assets. This paper will investigate this cause in particular, although there were other causes as well. The housing bubble was created when, fueled by easy access to cheap loans, housing prices increased rapidly. These prices increased rapidly in part
Economic Globalization Has the 2008 financial meltdown in the U.S. And the ongoing economic crisis in Europe have practically ended the era of economic globalization? Following the financial crisis that marred the U.S. economy along with other global economies as well as the ongoing Eurozone debt crisis, there have been projected concerns that this predicament would end economic globalization. The purpose of this paper is to assess this claim. Going by Immanuel
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