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Essay text:
Inflation happens as the prices of goods and services rise due to consumers trying to buy more than the economy's capacity to produce. On the other hand, recession is a period lasting more than a few months when the economy contracts. I have learned a great understanding about the interest-rate and how it affects the economy based on the discussions we have had in class. It has been cut a couple times recently by the Federal Reserve and is now at 3.00% which is the lowest it has been in quite a few years. There is also discussion in this article of how the government has stepped in to try to ease the pressures of a recession...
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