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comparing the two eras Relatively Normal Times: 1980 to 2007 and the great depression era for similarities by completing the following: Identifying and describing each
comparing the two eras Relatively Normal Times: 1980 to 2007 and the great depression era for similarities by completing the following:
- Identifying and describing each era's economic fluctuations.
- Using the economic fluctuation for each era, assess the economic environment for each era (unemployment, inflation, and economic growth).
- Calculating and evaluating at least one type of GDP (identify which type is used) for each era.
- What are the differences and similarities between the two economic areas discussed and what is happening today in the U.S. economy?
- how is the economy doing now versus how it was during the great depression era?
- Other variables that can influence the economy are employment and personal income. Assess the economic environment of one historical economic era in terms of its employment rate and personal income. What are the benefits and drawbacks in your assessment of that economic era? How does this compare to what we are experiencing today?
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