In past times, business expansion lowered the unemployment rate, which raised wages, which raised prices.
The first part happened. The last two don't seem to be happening, which is puzzling. Central banks are having to consider that the old model may not hold anymore. No one's really sure what to do.
Consumer tendencies weren't really supposed to enter into it, as far as I know.
The first part happened. The last two don't seem to be happening, which is puzzling. Central banks are having to consider that the old model may not hold anymore. No one's really sure what to do.
Consumer tendencies weren't really supposed to enter into it, as far as I know.