Money and Banking 21st Century Economic issues February-10-1999 Economic Issues for the 21st Century We all have several questions. Do I have a future of prosperity? Will I be able to afford a home of my own? Will my children or I live as well or better that my parents? These are but a few of the questions we all ask ourselves daily. The answers to these depend on how well the United States …
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showed last 75 words of 1504 total
…the expense of a reduction in the improvement of material living standards. In other words, we might have to trade off material goods and services for cleaner air and water. Increased unemployment might on occasion be the price necessary to reduce rampant inflation. Unfortunately, we can rarely solve all problems in one swoop. We must be prepared to make trade-offs between objectives by looking at what we lose when we take each course of action.