The American Economy, 1992-2001 Analytical Essay by Master Researcher

The American Economy, 1992-2001
An analysis of the American economy since 1992.
# 34846 | 1,150 words | 5 sources | MLA | 2002 | US
Published on Sep 30, 2003 in Economics (National) , Political Science (Fiscal Policy (economy))


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Description:

This paper examines the American economy over ten years in terms of GDP, CPI, unemployment, and interest rates; identifies the present stage of the business cycle, and compares the performance of the economy over the years since 1992. The paper finds that after the recession of 1991, the U.S. economy boomed throughout the nineteen-nineties, and made that decade the longest period of sustained economic growth in American history. The paper then relates that an economic slowdown began in 2000 and has deepened into a recession as of January 2002.

From the Paper:

"The stage of the business cycle that the American economy finds itself in at the present time is recession. On November 26, 2001, the National Bureau of Economic Research announced though its Business Cycle Dating Committee that it had determined that a peak in business activity occurred in March of 2001, which signaled the official beginning of a recession.
"The NBER defines a recession as a "significant decline in activity spread across the economy, lasting more than a few months, visible in industrial production, employment, real income, and wholesale-retail trade." (Walton and Rockoff) The current data show a decline in employment, but not as large as in the previous recession. Real income growth has slowed but not declined. Manufacturing and trade sales and industrial production have both declined and have been doing so for some time."

Cite this Analytical Essay:

APA Format

The American Economy, 1992-2001 (2003, September 30) Retrieved January 30, 2023, from https://www.academon.com/analytical-essay/the-american-economy-1992-2001-34846/

MLA Format

"The American Economy, 1992-2001" 30 September 2003. Web. 30 January. 2023. <https://www.academon.com/analytical-essay/the-american-economy-1992-2001-34846/>

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