Expansion Contraction? please help, its for school...
2007-01-21 13:45:34 · 3 answers · asked by Anonymous in Social Science ➔ Economics
At this time, our U.S. economy is as stable as it has been for a number of years, not in contraction by any means, but in a realatively balanced , slow to moderate growth cycle. A slowing in the real estate market, balanced by a low rate of inflation, and good prime rates by the feds, are all going towards balance , after an inflated residential housing market has been erosive to income across the board. seasonal fuel costs are down, and unemployment isn't growing, so overall, we're looking very stable for the next few quarters.
2007-01-21 13:59:59 · answer #1 · answered by Rides365 4 · 1⤊ 0⤋
The economy is still in the expansion phase because GDP is increasing, but has slower growth than when we first emerged from the recession.
2007-01-22 23:16:03 · answer #2 · answered by meg 7 · 0⤊ 0⤋
recession ...
too much debt, high interest rate, high employ and too much import
2007-01-21 22:52:11 · answer #3 · answered by DlCK Chenney 2 · 0⤊ 0⤋