"Historically, U.S. inflation has followed a fairly predictable course in relation to the business cycle. Typically, inflation rises during an economic expansion. It reaches its maximum slightly after the end of the boom, declines during the recession, and starts to increase again when the economy has been in recovery for a year or two. It appears, however, that recent history has departed from this pattern. Over the period since the end of the last recession, there has been a prolonged expansion, unemployment has fallen, but inflation has not increased."
Fonds monétaire international. Western Hemisphere Department.
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International Monetary Fund. IMF. Western Hemisphere Department
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This is a placeholder reference for a Topic entity, related to a WorldCat Entity. Over time, these references will be replaced with persistent URIs to VIAF, FAST, WorldCat, and other Linked Data resources.
This is a placeholder reference for a Topic entity, related to a WorldCat Entity. Over time, these references will be replaced with persistent URIs to VIAF, FAST, WorldCat, and other Linked Data resources.