Having the same job for one's entire career has become much less common over the past quarter-century. Many people switch jobs voluntarily; others, not. Behind this trend are changes in demographics, changes in technology and changes in such institutions as unions and international trade.
Richard G. Anderson, Jason J. Buol
Because of the record high spot and futures prices for oil in 2004, economists are once again trying to fully understand all of the driving factors behind the jumps in price. Besides supply and demand, speculation is drawing a lot of attention these days.
To rein in inflation, Fed Chairman Paul Volcker took bold monetary policy steps and held his ground in the face of economic turmoil and harsh criticism.