ECONOMICAL ANALYSIS

The Economy, Monetary, and Monopolies

The Economy, Monetary, and Monopolies

Current Economic Situation of the United States as Compared to Five Years Ago (Comparison of 2012 to 2007)

Five years ago, the economic condition of the United States of America was in fall, where, this decline is associated with the stumbling of economy into recession occurred during the year. Mainly, the rate of inflation is seemed to be much lower in 2012 as compared to 2007 i.e. in 2007 the inflation rate was 4.1% however in 2012 the inflation rate was just 1.7% (U.S. Inflation calculator, 2013, n.d). Thus, a country ...