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American economic resilience is not as strong as we think

Economic resilience is an enduring problem in America.The U.S. economy is still suffering from the aftermath of the 2008 financial crisis, which left Americans vulnerable to the whims of Wall Street and a weak global economy.That’s partly because Americans haven’t had the experience of the Great Recession.Americans still struggle to adjust to the impact of

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How to find the equilibrium definition economics

The economic analysis of the future is based on two assumptions: that the economy will remain stable, and that it will not become more efficient than it is today.The second assumption is what economists call equilibrium.An equilibrium is a situation in which the economy is not going to get better or worse than it was