Collapse Economy

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Title: Collapse Economy

Essay Details:

Subject: Business

Author: Thomas T

Date: October 28, 2014

Level: University

Grade: A

Length: 3 / 829

Essay text:

For instance, since last September the Federal Reserve has lowered its basic interest rate 7 times and has kept a semblance of order in the financial system through a constant flow of cheap money. However, even though government policies in the short term have saved the economy from a total collapse there seems to be a very high price to pay in store (no pun intended!) One of the main consequences of the Fed's policy of cheap money is to have driven down the value of the dollar, which has set record lows against the Euro and other major currencies, thus pushing up the price of commodities in the world market, which are priced in dollars...

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