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  3. secondly, given the stock market lost over 50 perc

Secondly, given the stock market lost over 50 percent of its value, unemployment rose from 4.9...

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Economics

Secondly, given the stock market lost over 50 percent of its value, unemployment rose from 4.9 percent to more than 20 percent, and American households lost an estimated $16 trillion in net worth. In essence, one-quarter of households lost at least 75 percent of their net worth, and more than half lost at least 25 percent. Over 40 million unemployment applications have been filed across the country. How do you jumpstart the economy and avoid inflation, if that even occurs?

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