Concept explainers
The economic trends based on the summary of the Beige book
Concept Introduction:
Economic Strengthening or Weakening- An economic strengthening implies an improvement in the growth indicators for all the sectors of the economy. It is an economic predicament where the growth rate and employment is on the rise. The wages and prices would be rising moderately. The three sectors of the economy- Manufacturing or industrial and tertiary or services would be growing at notable rates while the primary or agricultural- would be witnessing a modest progress too. Economic weakening on the other hand is a reverse trend leading the economy towards a state of recession.
Want to see the full answer?
Check out a sample textbook solutionChapter 16 Solutions
Economics of Money, Banking and Financial Markets, The, Business School Edition (4th Edition) (The Pearson Series in Economics)
- Principles of Economics (12th Edition)EconomicsISBN:9780134078779Author:Karl E. Case, Ray C. Fair, Sharon E. OsterPublisher:PEARSONEngineering Economy (17th Edition)EconomicsISBN:9780134870069Author:William G. Sullivan, Elin M. Wicks, C. Patrick KoellingPublisher:PEARSON
- Principles of Economics (MindTap Course List)EconomicsISBN:9781305585126Author:N. Gregory MankiwPublisher:Cengage LearningManagerial Economics: A Problem Solving ApproachEconomicsISBN:9781337106665Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike ShorPublisher:Cengage LearningManagerial Economics & Business Strategy (Mcgraw-...EconomicsISBN:9781259290619Author:Michael Baye, Jeff PrincePublisher:McGraw-Hill Education