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Current Macroeconomic Situation, Fiscal and Monetary Policies


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Current Macroeconomic Situation, Fiscal and Monetary Policies

Current Macroeconomic Situation, Fiscal and Monetary Policies


As the leading world economy, the United States and has been in a recession since 2008 and the leading outcome of this recession has been no other than unemployment. The newsflash among media and television about this recession has resulted in unemployment, and how to remedy this “current macroeconomic situation”. No one seems to have an immediate solution on how the economy will get better. The news and media do a lot of finger pointing and giving various unpleasant names to the situation such as calling it “the decade of depression”. Our inflation rate is about 2.3%, which is currently lower than the past rate that was 3.4%. As of July 2012, unemployment rate has been around 9.3%, compared to the prior average years back of about 5.6%.


We all know that if there is unemployment, consumers do not spend as much money and businesses suffer, from that but honestly speaking, not many of us know what these unemployment figures mean or represent for sure. We can assume or estimating what it means without understanding since we were not aware of what it was before or one is not personally affected by the unemployment saga. So it gets to be a bit mind-boggling when some industries throw these percentages out there and expect us all to know what they mean and as a way to get the public all brawled up. In reading and doing a little research from Trading Economics, they states that, “The Gross Domestic Product (GDP) in this country did expanded about 1.5% in the second quarter of 2012 as compared to the previous year. Their records show that from about sixty years ago up until recently, the United States GDP Growth rate has stayed at 3.3% to getting to an

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