Economic alphabet soup: Are we in a V-shaped or K-shaped recovery?
Most people don't know the recession shapes. President Donald Trump has described the country’s economic recovery as V-shaped, whereas Vice President Joe Biden has called it a K-shape. Professor of Economics Dennis Hoffman agrees with the latter and explains why.
Most people don't know the recession shapes. President Donald Trump has described the country’s economic recovery as V-shaped, whereas Vice President Joe Biden has called it a K-shape. Professor of Economics Dennis Hoffman agrees with the latter and explains why.
In this story published Nov. 2, 2020, on KJZZ Phoenix:
Because some of us are V-shaped. But so many are the bottom of the K, and they're just headed down. There's gonna be a number of people facing tough times for a long period of time.
– Professor of Economics Dennis Hoffman, who's the director of the L. Seidman Research Institute
Latest news
- Ethical leadership: Good policy may prompt bad behavior
New research findings reveal how managerial approaches to integrity influence team morale and…
- W. P. Carey alum Paridhi Saboo found passion for analytics and real estate during undergraduate journey
Thanks to the many opportunities available to students at W. P.
- Trump suggested 50-year mortgages. This expert calls that 'renting from the bank'
A veteran housing analyst says stretching repayment over five decades offers minimal financial…