Tapping the Brakes

When a driver taps the brakes, the car slows down but remains under control. The workings of an economy are not so simple. If the economy decelerates in response to an oil price shock, for example, the slowdown may trigger a reaction that further impedes its progress.

Volume: 14 - Number: 3

Leading Index Title:

Special Topic Title: Taxable Retail Sales


  • Dick Conway
  • Doug Pedersen