Inflation and Recession
So, is inflation bad for everyone? It is if you look at it as unlawful taxation forced upon all Americans because they must pay so much more for their food, gasoline, medical care, travel, entertainment, housing, energy
By Dr. Ileana Johnson Paugh —— Bio and Archives--August 3, 2022
American Politics, News | Comments | Back To Full Article
Economically speaking, the aggregate demand for the U.S. economy represents the quantity of domestic products in general that are demanded at each possible value of the price level. If there is too much money being printed and in circulation, an increase in the aggregate demand pushes the price level up. If the aggregate demand continues to increase month after month, the economy will suffer from inflation – a sustained increase in the general price level.
When production falls and people lose jobs, two consecutive quarters to be exact, the economy experiences a recession.
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