ECO 372 Week 3 Learning Team Aggregate Demand and Supply Models
in Economics by neel
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Description
The United States Starting to Recover
University of Phoenix
Principles of Macroeconomics
ECO/372
The United States Starting to Recover
The United States economy has suffered the worst recession of the post-World War II era in 2007 and 2008, and has endured an anemic recovery since. However, the economic landscape may be changing. United States unemployment has fallen for four consecutive months, down from 9% in September to 8.3% in January. Four economic factors (unemployment rate, expectation, consumer income, and interest rates) affect supply and demand in different ways as discussed in this paper.
Unemployment
It has been going on five years since unemployment has been such a factor in the United States. The unemployment rate is defined as the percentage of people in the...
