What Is The Impact Of Recession In Our Economy?

Traditional fiscal stimulus analysis focuses on the short-run effects of fiscal policy on GDP and employment creation in the near term. Economists, on the other hand, have long recognized that short-term economic situations can have long-term consequences. Job loss and declining finances, for example, can cause families to postpone or forego their children’s college education. […]

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What Jobs Are Good In A Recession?

Industries That Are Critical Healthcare, food, consumer staples, and basic transportation are examples of generally inelastic industries that can thrive during economic downturns. During a public health emergency, they may also benefit from being classified as critical industries. Medical professional Within the medical field, there are numerous vocations and specialties. This group includes Registered Nurses […]

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How Did President Nixon Deal With Inflation?

In August 1971, the United States had a 6.1 percent unemployment rate and a 5.84 percent inflation rate (1971). President Nixon sought advice from Federal Reserve Chairman Arthur Burns, incoming Treasury Secretary John Connally, and then-Undersecretary for International Monetary Affairs and future Fed Chairman Paul Volcker in order to address these issues. These people, together […]

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