3 years ago

Why did the united states economy go into a recession in the early 1990s?

1 answer:

3 0

<span>Throughout 1989 and 1990, the economy was weakening as a result of restrictive monetary policy enacted by the Federal Reserve. ... The immediate cause of the recession was a loss of consumer and business confidence as a result of the 1990 oil price shock, coupled with an already weak economy.</span>

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