Memory and the Brain Essay - 1001 Words

How does memory work? Is it possible to improve your memory? In order to answer these questions, one must look at the different types of memory and how memory is stored in a persons brain.Memory is the mental process of retaining and recalling information or experiences. (1) It is the process of taking events, or facts and storing them in the brain for later use. There are three types of memory: sensory memory, short-term memory, and long-term memory. Sensory memories are momentary recordings of information in our sensory systems. They are memories evoked through a persons five senses: sight, smell, sound, taste, and touch. Although sensory memory is very brief, different sensory memories last for different amounts of time. Iconic†¦show more content†¦Some scientists believe that parts of long term memory are permanent while others will eventually weaken over time. (3) Long term memory can be divided into three sections: procedural memory, declarative memory, and remote memory. Procedural memory includes motor skills such as learning how to ride a bike or how to drive a car. Such memories are slow to acquire but more resistant to change or loss. (4) Declarative memory is used to remember facts, such as names, dates and places. It is easy to learn but also easy to lose. Finally there is episodic memory, which is the record of events that a person stores throughout his or her experience. Recent studies show that these event s, as soon as they occur, are sent to a temporary part of the brain called the hippocampus, and that over time they are moved to the neocortex for permanent storage. (5). When speaking about memory, one needs to look at the parts of the brain that are involved in memory storage. The hippocampus is a place in the brain that is used to transfer memories from short-term to long term memory. (1) It also helps store spatial memories with the thalamus. The thalamus is a collection of nuclei that relays sensory information from the lower centers to the cerebral cortex. (7) In addition to spatial memories, the thalamus helps store emotional memories with theShow MoreRelatedThe Memory Of The Brain2796 Words   |  12 Pagesthe brain, which is involved in the formation, organization, and storage of memory. It is a structure in the limbic system, which is significant in the formation of new memories and the connection of senses and emotions to memories. Such senses include smell and sound. The structure assumes the shape of a horseshoe paired structure. As such, one hippocampus is located on either side of the brain; the right and the left hemisphere. Structurally, the hippocampus performs the function of memory indexerRead MoreThe Brain for Memory2230 Words   |  9 PagesThe brain for memory The brain is the most important organ, and any animal, even mosquitoes have them. However, have you thought any special ability of the brain, or have you imagined about your personality, emotion or memory in the situation which you lost a part of brain? In fact, there are lots of great abilities such as memory in the brain without our notice. Although, all the brain’s tasks are not clear completely, a lot of scientists have researched it and found its several miraculous functionsRead MoreMemory Of The Brain Responsible For Memory2238 Words   |  9 Pagesstored as memories. According to Richard Morris, our memories involve a series of interconnected nerve cells that develop strong connections through a process called long-term potentiation (Morris, 2003). Memory making involves the interaction of several structures in the brain: the amygdala processes emotions; the limbic cortex coordinates sensory input with emotion; and the thalamus controls sensory information and atten tion or alertness. Perhaps the most important structure in the brain responsibleRead MoreThe Brain And Memory Processes Essay1316 Words   |  6 PagesThe Brain and Memory Processes Katty Miles Psych1103 Psychology Core Concepts Erica Williams 9/23/2016 Miller- Motte College NC Brain and memory The Memory has different aspects and stages of processing information. The brain works with the memory and data on processing into the memory. The memory can be located in the brain senses and transfer all over the body and can send messages from the hippocampus and Werneck’s to the brainRead MoreMusic, Memories, And The Brain Essay844 Words   |  4 Pagesresearchers focus their work on understanding the effects of music on the brain. In the podcast entitled Music, Memories, and the Brain, Steve Mencher interviews Dr. Petr Janata to find out more about how music is associated with human memories. Janata works in the psychology department at the University of California, in Davis, California. Janata’s research suggests that humans unintentionally store and create a soundtrack to their memories. Throughout the podcast, Mencher mainly focuses on Janata’s researchRead MoreQuestions on Memory and Brain Functions503 Words   |  2 Pagesthe hippocampus and amygdala and memory discussed in the text? According to John Medina (2008), the hippocampus is necessary to convert short-memory to long-term memory. The removal of which led to H.M.s inability to perform this mental function. The hippocampus is also important in the retrieval of former long-term memories. The amygdala, on the other hand, is concerned primarily with memory consolidation and emotional reactions. Both are part of the brains memory retrieval and storage system.Read MoreMemory and Brain Activity Essays2129 Words   |  9 PagesMemory and Brain Activity Memory is the mental process of retaining and retrieving information such as facts, events, and experiences. Memory is not always accurate (Hunt, 2004). Memory errors are common and natural; they are the result of normal cognitive processes of comprehension and perception, which can cause interference about incoming information. There are two errors of remembering; forgetting an event that occurred and remember an event that never occurred or remembering it in a way differentRead MoreMemories And How The Brain Stores1769 Words   |  8 PagesMemories and how the brain stores them has always intrigued me even at a young age; Especially now that I am in college, because even though I have not been in a math class in over ten years I still managed to retain some of the mathematical skills that I had in high school. Yet as I get older I have trouble retaining some information. The the older you get the more you have to work at retaining information, so it did not surprise me that I was having a difficult time learning and understanding newRead MoreMemory And How We Can Train The Brain940 Words   |  4 PagesDuring the Ted Talk Joshua Foer discussed the topic of memory and how we can train the brain to retain any information we can by using memory palace. He argued that an average person can train their brain to remember and store information into memories more efficiently by using different techniques, which will sharper your brain. People have the capacity to memorize anything in a small amount of time by using different tricks. Also memories are â€Å"products of what we originally experience and everythingRead MoreThe Effect Of Stimulating Brain Oscillations On Memory Performance1235 Words   |  5 PagesIn recent years, a growing number of research has looked at the effects of stimulating brain oscillations on memory performance. Brain oscillations are fluctuations in local field potentials, caused by the input of neurons in to a specific cell assembly (Ha nslmayr, Staudigl, Fellner, 2012). In response to a stimulus, alpha (~10 Hz) and beta (~15-30 Hz) oscillation power decrease in activity, while theta (~4-7 Hz) and gamma (~40-100 Hz) oscillations increase (Hanslmayr Staudigl, 2014). The changes

Hydraulic Fracturing An Ethical Approach - 1168 Words

Hydraulic Fracturing: An Ethical Approach Hydraulic fracturing in combination with advancement in directional drilling has made it possible to economically extract oil and gas from unconventional resources. The growth in U.S. oil and gas exploration and production made possible by the increase in use of hydraulic fracturing, has raised concerns about its potential to impact human health and the environment. Concerns have been raised by the public about the effects of hydraulic fracturing on quality and quantity of drinking water resources. The hydraulic fracturing water cycle includes five main activities: the withdrawal of ground or surface water needed for hydraulic fracturing fluids; the mixing of water, chemicals, and proppant on the well pad to create the hydraulic fracturing fluid; the injection of hydraulic fracturing fluids into the well to fracture the formation, the return of injected fluid and water produced from the formation to the surface; and the reuse, treatment and d isposal of wastewater generated at the well pad, including produced water (U.S. EPA, 2015). With the water cycle being so massive and prolonged, the presence of potential negative impacts is greatly increased. As a future petroleum engineer and a professional who will be responsible for the safety, health and welfare of the public, I would like to research and assess the potential for hydraulic fracturing to impact the quality or quantity of drinking water resources, and identify factorsShow MoreRelatedEssay on Stakeholder Analysis- Fracking803 Words   |  4 PagesBA 3102 February 12, 2012 Stakeholder Analysis Pursuing hydraulic fracturing as a top manager of Chevron, I will describe the dilemmas that are associated with fracking. The first problem with this procedure is finding the appropriate land and leasing it from the landowners. With talk around the country, it can be difficult finding land because of landowners’ personal experience with the practice of hydraulic fracturing. In southwestern Pennsylvania there have been cases of animal birth defectsRead MoreExtracting Natural Gas From Shale And Other Rock Formation1465 Words   |  6 PagesResulting of recent technological innovations improving the ability of extracting natural gas from shale and other rock formation. The popularity of hydraulic fracturing remains leading in the direction of new venture opportunities and increasing growth for the natural gas and oil production industry. With the development, comes risk and scrutiny. According to Robert W. Howarth and Anthony Ingraffea natural gas extracted from shale comes at too great a cost to the environment, and must be illegalRead MoreShells Alternative Business Models: Fracking2361 Words   |  10 PagesCarlos Moura EGS Individual Assignment Shell’s Alternative Business Models: Hydraulic Fracturing Table of Contents 1. Forward 2 2. Context 3 3. Hydraulic Fracturing 4 4. Actors 4.1. Shell 5 . 4.2. Community 6 4.3. Government 7 5. The opponents perspective 7 6. Conclusion 9 7. References 10 Word count: 1980 (excluding Table of Contents and References) 1. Forward Read MoreFIN 370 Week 3 Strategic Inititative Paper Final Draft 1185 Words   |  5 Pagesessay discusses ExxonMobil’s strategic initiative from the 2013 Summary Annual Report. The following details the company’s initiative, financial planning surrounding that initiative, the effect of cost and revenues on the supply chain, as well as the ethical concerns associated with this idea. Strategic Initiative ExxonMobil is a vertically integrated oil and gas company that’s mission is to â€Å"find safe, efficient, and responsible ways to bring affordable energy to the dynamic global markets. This successRead MoreHydraulic Fracking And Its Consequences1903 Words   |  8 PagesHydraulic Fracking and its Consequences Natural gasses are one of the most desirable and needed resources in the world today. As the population and technology continue to get larger the need for natural gasses continues to steadily increase. With the need for natural gasses increasing the industry continues to expand their techniques and means to acquire natural gas. The use of hydraulic fracking is receiving most of the attention of today’s natural gas industry much of which is negative. This paperRead MoreA Brief Note On Fracking And Its Effects On The World2242 Words   |  9 PagesWaterless Fracking: GasFrac For many years now, oil and gas have been harvested from deep beneath the Earth’s surface using thousands and millions of gallons of water, known as hydraulic fracking. Environmental critics have brought up issues with this type of fracking. The main being that while using these massive amounts of water every time a well is fracked, all the used water, when finished, is causing significant amounts of pollution. In response to the current criticism, engineers have developedRead MoreFracking And The Environmental Concerns3189 Words   |  13 Pageshazards these resources present. In truth their efforts have not been in vain; in many of the first world nations the extraction of these resources has been regulated and therefore tailored to pose as little risk to the environment as possible. Hydraulic fracturing or fracking as it is commonly called is not a new method of resource extraction but by no means would it be considered traditional. It is commonly understood that there a re no completely perfect methods of extracting fossil fuels no matterRead MoreWhen Investigating The Successes Of The Methane Gas Industry Essay2140 Words   |  9 Pages 1. Introduction The main of this report is prompting Transition Energy Company Limited ( TECL ) on the intense effect outcomes that may emerge from fracking . The results of Hydraulic cracking procedure and the impacts on a TECL s capacity to work as a morally, socially dependable, and supportable enterprise are incorporated in this report. The discoveries and proposals of this report try to impact the last venture choice of TECL when investigating the successes of the Methane Gas industryRead MoreFracking Operations : The Chief Executive Officer Of Eqt Corporation994 Words   |  4 PagesAs the Chief Executive Officer of EQT Corporation, the decision to shut down down hydraulic fracturing (â€Å"fracking†) operations or not gives rise to a defining moment. Regardless of the decision I make, some stakeholders will benefit and others will be made worse off which creates a â€Å"no right answer† situation. However, a decision must be made, and in this case, I would not cease fracking o perations. Through continued fracking operations, EQT will be able to return wealth to shareholders, provideRead MoreStandards Of An Organization Should Be Accountable For Its Actions On The Environment1327 Words   |  6 Pagesnegative incident. ïÆ'Ëœ Transparency: There should be disclosure of policies, operations, decisions for which it is responsible in an accurate, complete and clear manner. This includes both the known and likely effects on the society and environment. ïÆ'Ëœ Ethical Behavior: This reflects morality. It states that the behavior of an organization should be based on equity, honesty and very importantly, integrity. The processes should be void of activities that don’t jeopardize the welfare of both internal and

Business Economics Worldwide Instantly

Question: Describe about the Business Economics for Worldwide Instantly. Answer: Part 1 Opinion Piece Since June, 2015, the oil price fell below $70 from $115. It is the lowest level since 2009. The high value of U.S Dollar against the Euro was one of the main causes which led to the sharp drop in the price of crude oil all over the world (Kilian and Murphy, 2014). Another leading driver of decline in price drop of oil was The Organization of the Petroleum Exporting Countries(OPEC), which refused to stabilize the oil markets. Oversupply of crude oil and also Iran Nuclear Deal made the oil price go down. In 2015, the demand for crude oil rose instantly worldwide, due to decrease in its price (Baumeister and Kilian, 2016). Since the last five years, shale oil productivity has risen to 50%. Along with decrease in oil product prices, increase in the level of income was also a main reason for rising U.S oil demand. This economic theory is supported by the Law of demand, which states that if all the factors affecting demand remain constant and the price of a commodity rises, the demand for it will decrease (Baumeister and Peersman, 2013). In contrast, if the prices of the commodity decline, it will lead to rise in demand for that commodity. Thus, there is an inverse relationship between demand and price of a commodity. In context of U.S oil, the demand for crude oil rose due to decrease in its price. It is further explained with the help of following diagram: As per economic theory, when the change in price of a commodity brings a little impact on its quantity demanded, it is called inelastic demand. In the last six months of 2015, the price of crude oil fell by 30%, which led to rise in its demand by 2% (Singleton, 2013). There exists a smaller change in demand for crude oil as compared to change in its price. Thus, oil demand in US is having inelasticity of demand. It is calculated as below: Change in quantity demanded of oil percentage change in oil price = 2% 30% = 0.067, which is 1 So, price elasticity of demand for crude oil is less than unitary. It suggests that although the price of crude oil is declining by 30% but is demand is not responding substantially equal to or closer to the fall in price. No, I do not agree with the opinion expressed in source 1, on the price elasticity of demand. As per economic theory, the demand of a commodity is also affected by various determinants other than price of that commodity. These factors include change in the level of consumer income, change in the preference of consumers, and availability of substitute (Esfahani et al., 2014). Decrease in the price of oil does not necessarily means that there will be increase in its demand. The demand for oil depends on various factors affecting it other than its price. In the short run, the demand for oil in US may have increased due to fall in its price but in the long run oil price may not have any major impact on its demand if other factors prevail (Dube and Vargas, 2013). It is observed that in the recent years the supply of oil in US has increased more than required which also led to decline in its price. Since, due to oversupply of crude oil in last two years, its price fell down day-by-day and its demand rose substantially. It has caused an imbalance in the supply and demand for oil (Knittel and Pindyck, 2016). So, on the basis of above analysis, I would like to advice oil producer to increase the price of crude oil, in order to balance the supply of oil with its demand. Decrease in the oil price has reached to $37, which was the lowest ever since 2011. Increase in the price of crude oil would enable its producers to control the supply which will result in decrease in oil supply for consumers (Fattouh et al., 2016). As a consequence, there will be a sharp increase in the demand for crude oil, which will ultimately lead to the increase in revenue for crude oil producers. It is depicted with the help of following diagram: Change in quantity demanded in response to change in price level Price elasticity of supply indicates the variation in quantity supplied of a commodity in response to its price. On the basis of source 2, it is found that there has been an unexpected increase in US shale oil supply, since the last few years (Dreger ey al., 2016). In the year 2008, the price of crude oil suddenly raised up to $145, which led to extraction of shale oil in US. As the supply of shale oil by US increased, the crude oil price began to decline gradually. In December, 2008, the oil price fell below $30.28. It indicates that changes in the market have a significant impact on the price of US crude oil. Thus, price elasticity of shale oil supply is elastic, that is, more than 1. Part 2 Supermarkets Price War According to the economic theory, an oligopolistic market where a very few firms operate for gaining larger market share. These firms are interdependent on each other because the action of one firm may affect the position of another one (Trevena et al., 2016). Also, the firms also have the power to set prices rather than taking prices. On the basis of above economic theory, it can be said that a supermarket industry is an oligopolistic market. Coles and Woolworths are the leading examples of Supermarket industry of Australia. These two firms in supermarket industry sell products which are mainly differentiated by promotional schemes and advertising expenditure (Lee et al., 2016). Coles and Woolworth occupy a major portion of market share and they also have an effective control over price and supply of their products. From the figure, it is evident that the market share of Coles is 37% and that of Woolworths is 43%. The larger market share makes them dominant and provides power to rule Supermarket industry of Australia. There also exist barriers which prevent new firms to enter into the market. New firms became unable to reach the production scale and profit margin of Coles and Woolworths, and consequently shut down within a few years (Hattersley, 2013). The two firms compete with each other using price and discount war in order to gain competitive advantage and customer loyalty. This price competition affects the profitability of their business and makes them to re-design their strategies. No, it is not in the interests of Coles and Woolworths to have a price discount war. This is because, both the companies operate in an oligopolistic market structure and also they both are interdependent on each other. If they compete with each other using price discount war then it may adversely affect the profitability of both of them. Also, according to the kinked demand curve, increase in price of a commodity above a certain point leads to decrease in revenues of the firm in the long run (Richards et al., 2012). This is because; other competitors in the industry would not change their product prices and it would bound Coles and Woolworths to lose some market share for their rivalries. A better strategy for Coles and Woolworths is to make a settlement on the prices and to identify Nash equilibrium so that they can decide a fix price of their products. It will be beneficial for both of the firms to compete on product quality and diversification rather than on price (McCarthy, 2014). Moreover, they can form a cartel so as to resist the entry of new firms in the market. One of the major theoretical tools which can be used to evaluate market competitive behaviour is Game theory. Game theory works better in an oligopolistic market where two or more firms operate in the industry. Kinked demand curve Economic theory describes a market structure as a monopoly when there is only a single seller or supplier in the market and there is no availability of closer substitute of the product (Knutson et al., 2014). In such a market, the seller is not the price taker but the price maker and other firms are restricted to enter into the industry due to various legal and technical barriers. Coles and Woolworths have established a monopoly in the Australian vegetable market due to which farmers are facing difficulty in staying in the business. As per source 1, an increased production cost and lack of compensation in return, most of the farmers are not willing to grow vegetables any more. Coles and Woolworths use their market power which reduces the profit margin of vegetable growers. Various items have been discounted by the companies up to 50%. It makes the growers financially unable to grow new plants in their specified budget. According to source 2, the market share of vegetables in the industry is only 13%, which is very less in comparison to other commodities. It is creating pressure on the vegetable sector of Australia and vegetable growers are finding it hard to survive in the business. The falling prices of Coles and Woolworths due to the price discount war would negatively affect the individual vegetable producer. It is because, the producer may continue to grow vegetables up to a certain level but after that if his profit margin will not increase and cost will starts rising up, due to which the production level will decline in the long run and he will stop growing vegetables in future (Sutton-Brady et al., 2015). Although the fixed cost will remain constant but the variable cost may rise, if the farmers continue to produce vegetables. Because, the farmers will not able to match with Coles and Woolworths output level, it can create diseconomies of scale for small farmers and they will be forced to exit the market. Yes, it is true that if individual farmers in Australian vegetable industry made significant improvements in their technologies, they could overcome the increasing price issues and stay in business in long-run. This is because if the farmers adopt latest technologies, it would lead to efficiency in production along with decrease in cost of production in the long-run (Sutton-Brady et al., 2015). It will then help them to gain economies of scale and constant returns to scale. The revenues from the sale of production will increase and thereby all over profits of the farmers will be maximized if the capital investment is made in the form of introduction of technology. Conclusion From the first part 1 of this assignment, it is concluded that a sharp drop in crude oil price in United States of America has in the second half of 2015 has put a significant effect on the entire global economy. Although, decrease in oil price has raised the purchasing power of consumers but at the same time, it has lowered the cost of living of people. Above discussions also reflect that oil producers have suffered a huge loss due to lower prices. This unexpected price fall has slowed down the economic activities in affected countries and thereby, the entire economic growth. On the basis of part 2 of this assignment, it is concluded that, Woolworths and Coles are the top leading companies in the supermarket of Australia. Also, they are closer competitors of each other and thus, together they form an oligopolistic market structure in Australia. It is observed that price discount war among both the companies has resulted in financial burden on the farmers of Australian vegetables market, due to which they were forced to exit the market. It is also seen that many growers started producing milk for less money and they work for more hours than required. References Baumeister, C. and Kilian, L., (2016) Forty years of oil price fluctuations: Why the price of oil may still surprise us.The Journal of Economic Perspectives,30(1), pp.139-160. Baumeister, C. and Peersman, G., (2013) Time-varying effects of oil supply shocks on the US economy.American Economic Journal: Macroeconomics,5(4), pp.1-28. Dreger, C., Kholodilin, K.A., Ulbricht, D. and Fidrmuc, J., (2016) Between the hammer and the anvil: The impact of economic sanctions and oil prices on Russias ruble.Journal of Comparative Economics,44(2), pp.295-308. Dube, O. and Vargas, J.F., (2013) Commodity price shocks and civil conflict: Evidence from Colombia.The Review of Economic Studies,80(4), pp.1384-1421. Esfahani, H.S., Mohaddes, K. and Pesaran, M.H., (2014) An empirical growth model for major oil exporters.Journal of Applied Econometrics,29(1), pp.1-21. Fattouh, B., Poudineh, R. and Sen, A., (2016) The dynamics of the revenue maximizationmarket share trade-off: Saudi Arabias oil policy in the 201415 price fall.Oxford Review of Economic Policy,32(2), pp.223-240. Hattersley, L., (2013) Agri-food system transformations and diet-related chronic disease in Australia: a nutrition-oriented value chain approach.Agriculture and human values,30(2), pp.299-309. Kilian, L. and Murphy, D.P., (2014) The role of inventories and speculative trading in the global market for crude oil.Journal of Applied Econometrics,29(3), pp.454-478. Knittel, C.R. and Pindyck, R.S., (2016) The simple economics of commodity price speculation.American Economic Journal: Macroeconomics,8(2), pp.85-110. Knutson, R.D., Palma, M.A., Paggi, M., Seale, J., Ribera, L.A. and Bessler, D., (2014) Role of trade in satisfying US fresh fruit and vegetable demand.Journal of International Food Agribusiness Marketing,26(4), pp.326-343. Lee, A.J., Kane, S., Ramsey, R., Good, E. and Dick, M., (2016) Testing the price and affordability of healthy and current (unhealthy) diets and the potential impacts of policy change in Australia.BMC public health,16(1), p.1. McCarthy, B.L., (2014) Sustainable food systems in Northern Queensland.Journal of Economic and Social Policy,16(1), p.0_1. References Richards, C., Lawrence, G., Loong, M. and Burch, D., (2012) A toothless chihuahua? The Australian Competition and Consumer Commission, neoliberalism and supermarket power in Australia.Rural Society,21(3), pp.250-263. Singleton, K.J., (2013) Investor flows and the 2008 boom/bust in oil prices.Management Science,60(2), pp.300-318. Sutton-Brady, C., Kamvounias, P. and Taylor, T., (2015) A model of supplierretailer power asymmetry in the Australian retail industry.Industrial Marketing Management,51, pp.122-130. Trevena, H., Thow, A.M., Dunford, E., Wu, J.H. and Neal, B., (2016) Protocol for a cluster-randomised trial to determine the effects of advocacy actions on the salt content of processed foods.BMC public health,16(1), p.1.

Surviving the lastest recession of Sept 11 Essay Example For Students

Surviving the lastest recession of Sept 11 Essay The U.S. economy is on the verge of dealing with its tenth recession since World War II. The economic data coming in are some of the first post-September 11 readings, and they reflect the initial shock on consumer and business activity. The numbers prove that households and companies did exactly as expected when a crisis hits: They froze (Madigan 48). However, consumers fail to realize that our economy is subject to a periodic, but irregular up and down phenomena known as the business cycle. Despite alarming data, this recession could be mild according to precedents set in the past. A basic definition of a recession is a decrease in Real GDP that lasts for at least two quarters or six months. Over its 146-year history, the United States has endured recession for approximately one third of the time. For that reason, economic analysts are far too familiar with the conditions that initiate a recession. There are many signs that point toward a future recession. Through past experiences, economists have learned to identify and react to the potential slowdowns in the economy. In this case, a weak job market, a decrease in inventories and capital spending, as well as a slowdown in economic growth, all fueled the latest recession. We will write a custom essay on Surviving the lastest recession of Sept 11 specifically for you for only $16.38 $13.9/page Order now The state of the labor market is an excellent indicator for a potential recession. Naturally, at the hands of the ever-changing technology, new jobs are created and old ones are destroyed. The United States has been enjoying an expansionary period since the end of the 1990-1991 recession (Bade 138). Over the past decade, the rapid rate of job creation in the new economy significantly lowered the unemployment rate. However, the slowdown in the economy had forced companies to reevaluate their hiring plans. Businesses have been realigning their inventories and capital spending all year to match up with diminished prospects for demand (Madigan 48). Therefore, the labor market was better prepared to take on a recession that came after the longest period of economic growth in the history of the United States. Excess inventory, the stock that companies have not sold, is one of the factors that led to the current economic downfall. Over the past year, due to a decrease in consumer demand and consumer spending, excess inventories have forced companies to ease up on production and to cut down the workforce. A significant change in either the workforce or inventories can be an indicator for budding recession. Economic Growth is a sustained expansion of production possibilities measured as an increase in real GDP over a certain period (Bade 222). Rapid Economic Growth for a number of years can transform a poor nation into a wealthy one. Just as, an absence of economic growth for many years can transform a wealthy nation into a poor one. Due to the discovery of new technologies, many people doubted the fact that at some point and time the economic growth would slow down.However, with a limited amount of resources, the economic growth of a nation is bound to come to a halt at one time or another. The U.S. has been subject to continuous economic growth for the past decade. However, with a limited amount of the factors of production and technology, economic growth in the United States is finally showing signs of slowing down. Changes in the economic growth patterns of nations are a great way of detecting potential recessions.Amid the talk of global recession, the United States is doing well to keep from upending the fragile economy. The Federal Reserve Board has taken steps to cut the interest rates, as well as offer tax rebates to people who have suffered from the downturn in the economy. By doing so, the FED homes to get consumer spending back on track. For now, the recession looks anything but mild, and forth-quarter Real GDP is set to fall at a faster rate than it did in the third (Madigan 48). Nonetheless, the drop in the Real GDP represents the initial shock sent throughout the world in mid-September. Even though the airline industry has incurred losses that ere unimaginable, past experiences with recessions should help ease our fears. Sure, the United States hasnt seen anything