MYLAB ECONOMICS WITH PEARSON ETEXT -- A
MYLAB ECONOMICS WITH PEARSON ETEXT -- A
5th Edition
ISBN: 2819260099840
Author: Mishkin
Publisher: PEARSON
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Chapter 16, Problem 2WE
To determine

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.

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