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The U.S. economy's big problem? People forgot what 'normal' looks like


It has been a miracle year for the U.S. economy. Inflation has plummeted without triggering a recession.

Black Friday shoppers wait in line at an UGG store at Woodbury Common Premium Outlets in Central Valley, N.Y., on Nov. 24. The economy has gained 2.4 million jobs so far this year, and growth has accelerated, with an annualized rate topping 5 percent in the third quarter. In polls, people are downbeat about this economy, but their actions don’t match their words.

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