In the long-run, our economy continuously grows. Along this path of growth, there are periods of contraction that may lead to a recession or depression, as well as periods of expansion that may lead to inflation—these fluctuations in the economy impact employment, prices, wealth, distribution of income, and stability. Given the harmful effects of the […]
In the long-run, our economy continuously grows. Along this path of growth, there are periods of contraction that may lead to a recession or depression, as