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Business
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| Number of pages / Number of words: |
5 / 1334 |
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This is one way of measuring the size of the economy. It is usually compared to the previous quarter or year. Economic growth is calculated as a percentage rate of growth per quarter (3-month period) or per year (McConnell & Brue, 2008). Goals of Federal Reserve policy are to maximize employment and keep inflation on a descending track until price stability is accomplished...
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Goals of Federal Reserve policy are to maximize employment and keep inflation on a descending track until price stability is accomplished. Economic growth promotes employment, which in turn helps the economy. An economy that is experiencing economic growth is better able to meet people's wants and resolve socioeconomic problems...
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