5min chapter

The New Bazaar cover image

An economy for everyone

The New Bazaar

CHAPTER

The Pandemic and Its Impact on the Economy

The usa. has recovered much faster than previous recessions, but employment hasn't fully recovered. Aggregate demand in the economy is roughly back to where it was just two years ago. This goes back to my point about helplessness: You may recover to where you were, and then continue growing. But the norm after a recession is that you stay below the normal level of growth.

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