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Conversely, an economic or financial policy is called countercyclical if it works against the cyclical tendencies in the economy. That is, countercyclical policies are ones that cool down the economy when it is in an upswing, and stimulate the economy when it is in a downturn. [7]
The whole episode illustrates the folly of obsessing about a single data point when trying to assess the state of America’s broad and complicated economy. ... One way to do that is to zoom in on ...
The American economy has always been cyclical, going from boom to bust and back again. ... Once America entered World War II, the entire economy was retooled for wartime production, and both GNP ...
Following the end of World War II and the large adjustment as the economy adjusted from wartime to peacetime in 1945, the collection of many economic indicators, such as unemployment and gross domestic product (GDP) became standardized. Expansions after World War II may be compared to each other much more easily than previous expansions because ...
An example of a counter-cyclical policy is raising taxes to cool the economy and to prevent inflation when there is abundant demand-side growth, and engaging in deficit spending on labour-intensive infrastructure projects to stimulate employment and stabilize wages during economic downturns.
Once the world gets past “the hurdle of the cost,” Oppenheimer said, a more decarbonized, renewable-driven economy should lead the cost of providing energy to collapse, boosting economic growth.
But the US economy is now the harbinger of the things to come, the role model for others to follow or reject, but hardly ignore. For the first time in history, this one economy has reached the end of the old model (or paradigm) and is groping to find the new ways of organizing its business, economy and society. [4]
America's economic diversification is also expected to give it a leg up in one of the most volatile features of the new era: trade conflict. The US and China are already battling for control over ...