economic disruption

What Was The Goal Of The Economic Stabilization Act Of 1970?

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What Was The Goal Of The Economic Stabilization Act Of 1970? § 1904) was a United States law that authorized the President to stabilize prices, rents, wages, salaries, interest rates, dividends and similar transfers as part of a general program of price controls within the American domestic goods and labor markets. What President froze prices?

What Is The Current State Of The US Economy 2020?

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What Is The Current State Of The US Economy 2020? GDP decreased 3.5% in 2020, the lowest growth rate since 1946. The average annual unemployment rate in 2020 was 8.1%, lower than the annual averages during the Great Recession in 2009 (9.3%), 2010 (9.6%), and 2011 (8.9%). The economy lost 9.4 million jobs in 2020,