Information piece:
According to the widely recognised authority on the matter, the National Bureau of Economic Research based in Cambridge, Massachusetts, the longest U.S. economic boom came to an end in March 2001. The third quarter of 2001 was the first quarter since 1993 during which the economy contracted. While much of the macroeconomic debate has focused on reversing the drop in output in the short run, little attention has been paid to designing policies that can improve the long-term growth prospects of the U.S. Because the 1990s was a decade of extraordinary recovery in growth rates that were sustained for several years, it holds important lessons for macroeconomic policies that could raise the prospects for strong, sustainable growth. Most importantly, without changes in the design of macro policy, the chances of a recovery seem weak, while the possibility of a prolonged period of sluggish growth is real.
Answer:
During the 1990's, the inflation and unemployment trends in the United States changed. What was unusual in the 1990s?
sooooo. simplified, -
-
-
: B. is your answer
Although inflation remained at less than three percent, unemployment fell to very low levels.
last but not least,
<em>-</em>
-
sign off:
hope this helped !!! <3:) - <em>KAYLEE</em>
