Question
Questions; 1. Please listen to this podcast from The Federal Reserve, The Business Cycle . Consider how the economy has performed throughout your life.
Questions;
1. Please listen to this 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 in a peak or a trough. When was the economy expanding? When was it contracting? Describe the overall trajectory of the economy throughout your life.
source: https://www.stlouisfed.org/education/economic-lowdown-podcast-series/episode-18-the-business-cycle
2. Prepare a paper and 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?
3. Read the article: Consequences of Unemployment and then respond to the following:
Here the source: https://www.econlowdown.org/consequences_of_unemployment?p=yes
Based on life observations, identify one personal and one social consequence of unemployment in your country or society. What role, if any, do you believe the government should play to reduce negative consequences?
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