Macroeconomics + Economy 2009 Update 18th Edition by Campbell McConnell, Sean Masaki Flynn,Stanley Brue

Exercise 23

What is meant when economists say that the U.S. economy has "a higher safe speed limit" than it had previously If the New Economy has a higher safe speed limit, what explains the series of interest-rate hikes engineered by the Federal Reserve in 2004 and 2005.