Economic Stability
The volatility of economic activity in the United States has decreased over time, and especially since World War II. Economists refer to this as the Great Moderation, and during this period expansions have gotten longer while recessions have gotten shorter.
Here is the reference:
Goodhart, Charles Albert Eric. “Lessons from the financial crisis for monetary policy.” Daedalus, vol. 139, no. 4, 2010, p. 74+. Gale Literature Resource Center, https://link.gale.com/apps/doc/A240008119/GLS?u=hudsoncc&sid=GLS&xid=c41e0a3c. Accessed 12 Nov. 2020.
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