Economic Health

ECO 212

Economic Health

There are many things that can affect the economy of the United States. The government plays a role in how the economy is doing and how the economy recovers. The United States uses Gross Domestic Policy (GDP) to measure how business is doing in the United States.

"By the late 1970s, the Federal Reserve had gone through a two-decade period of continually increasing the rate of growth of the money supply. In August 1979, President Jimmy Carter appointed Paul Volcker as chairman of the Board of Governors of the Federal Reserve System. Along with most other economists, Volcker was convinced that high inflation rates were inflicting significant damage on the economy and should be reduced. To reduce inflation, Volcker began reducing the annual...