1) According to the podcast from The Federal Reserve, "The Business Cycle." Consider how the economy has performed throughout your life. Identify a time you believed the economy was at a peak or a trough. When was the economy expanding? When was it contracting? Describe the overall trajectory of the economy throughout your life.

2)Summarizekey developments in macroeconomic history. Specifically, what are the similarities and differences between Keynesian and classical economics? How does each handle issues of unemployment? What new developments starting in the 1980s have changed macroeconomic thought? OR

• Identifies similarities and differences in Keynesian and classical economic thought.
• Describes how Keynesian and classical economists address the issue of unemployment.
• Accurately describes new developments since the 1980s.