What happened to the economy in 1982?

What happened to the economy in 1982? By October 1982, inflation had fallen to 5 percent and long-run interest rates began to decline. The Fed allowed the federal funds rate to fall back to 9 percent, and unemployment declined quickly from the peak of nearly 11 percent at the end to 1982 to 8 percent … Continue reading What happened to the economy in 1982?