December 6, 2018

Goldilocks economy

Found a good definition at https://www.thebalance.com/goldilocks-economy-definition-causes-effects-3305932:

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A Goldilocks economy is when growth isn't too hot, causing inflation, nor too cold, creating a recession. It has an ideal growth rate of between 2-3 percent, as measured by GDP growth. It also has moderately rising prices, as measured by the core inflation rate. The Federal Reserve has set this target inflation rate at two percent.

This healthy economy is named after the famous children's story, Goldilocks and the Three Bears. The little girl only ate the bear's porridge that was neither too hot nor too cold. Like the porridge, the Goldilocks economy is one that is "just right."
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