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Economic 2
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The American economy has many components which contribute to its growth and which affect its rate of inflation, but the overriding stimuli stem from the monetary and fiscal controls imposed by the Federal Reserve and government, respectively. The economy has enjoyed modest growth for several years, and that can be expected to continue. The Feder ....
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....d, in general, consumers have seen some slight interest in their purchasing power. By late 1998, there was an increase in wages in some service industries and among computer and technical professionals; this has led to some increase in service prices.
Consumer spending as measured through retail sales generally increased throughout the country dur.... |
| Word count: 858 |
Page count: 4 |
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