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    The US Economy in 2009 and Today

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    Please help with the following problem:

    In terms of inflation, interest rates and unemployment, what is the current economic situation in America as compared to five years ago? Please provide academic reference to support the response.

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    Solution Preview

    Problem:

    In terms of inflation, interest rates and unemployment, what is the current economic situation in America as compared to five years ago? Please provide academic reference to support the response.

    Discussion:

    The United States is better off today than in 2009 (five years ago).

    Inflation rate in 2009 turned negative, meaning it has reach deflation. This is riskier than inflation. This happens when people refrain from buying products/services. This can be explained by the onset of the Great recession in that year. Today, the US is experiencing a normal inflation rate of ...

    Solution Summary

    The discussion compares the economy of the United States in 2009 and 2014 in terms of inflation, interest rates and unemployment. This solution is provided in 554 words with seven references.

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