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Essay / Research Paper Abstract
A variety of economic indicators are reviewed in this 5 page overview that looks at the years between 1990 and 1998. A look at the past explains how the nineties economy came to be and, more importantly, how the various indicators are used to assess its health. Bibliography lists 8 sources.
Page Count:
5 pages (~225 words per page)
File: D0_90econ.rtf
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Unformatted sample text from the term paper:
to previous decades and look to the future for indicators that presently may act as predictors. In this case study,the years 1990-1998 will be examined and thus, when the nineties
are referred to it will be in respect to the targeted years. Some of the answers to questions about the future lie in things such as the "Index of
Leading Economic Indicators." While such indexes are discussed at cocktail parties, their actual components seem mysterious to many.Such barometers are unlike individual signs of economic performance such as the unemployment
rate, personal savings rate, federal government purchases, consumer prices, or current interest rates (Charles 78). It works by providing a series of measures to show and predict average behavior for
a different group of "economic time series" (78). In other words, each measures a "series" of values over time for various economic activities or components (78). By using an eclectic
group of financial statistics, one can get a good idea as to where the economy is headed. However, individual indicators can also give one a good idea of the soundness
of the economy. II. Inflation Inflation is actually a relatively new phenomenon. With the exception of wartime, inflation remained level from approximately 1770 until about 1900 (Trevithick PG).Periods
of falling prices always followed these periods of inflation associated with war, so that price levels were quite stable (PG). However, after World War II, the prices in the United
States started to rise quickly; from 1952 to 1964 prices went up by an average of 1.3% (PG) per year and then again from 1964 to 1972 the average annual
inflation rate rose to 3.8% (PG). After that, inflation continued to rise, at times exceeding 10% per year and for the first time in American history, a prolonged period of
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