1. analysis of the 2001 recession
... is quintessential to the ending of the recession. Upon sighting a major slowdown in 2001, Alan Greenspan, Chairman of the Federal Reserve, took action by trying to curb this slowdown through introducing a series of interest rates cuts. The first cut was a full percentage point. According to Greenspan, " ... and disposable income increased $49.5 billion. Personal consumption expenditure also increased by $44.6 billion. The fourth and final quarter of 20011 the Gross Domestic Product increased at an annual rate of 1.7 percent. (Bureau of Economic Analysis.) The U.S. economy was said to be...
- Word Count: 2800
- Approx Pages: 11
- Has Bibliography
- Grade Level: High School