You might consider:

• Recession
• GDP
• Business Cycles
• Inflation
• Aggregate Expenditures Model
• Short and Long-Run Aggregate Supply
• Fiscal Policy
• Monetary Policy
• Financial Institutions
• Macroeconomic Instability
• Equilibrium
• Unplanned Investment
• Economic Growth and Recession
• Employment and Unemployment
• Output Gaps
• Market Economy
• Animal Spirits
• Flexible Prices
• Potential Output
• Structural Unemployment
• Automatic Stabilizers
• Taylor Rule
• Say's Law
• John Maynard Keynes
• Zero Interest Rate Policy
• Liquidity Trap

At this point, we have explored the foundational tools and principles of macroeconomics. We applied these tools and principles in contexts reflecting circumstances we might see in our lives outside this classroom. In our final discussion, we will share what we have learned with our classmates.

Choose two macroeconomic concepts applied in previous discussions on which to reflect. As you consider your experiences and the experiences of similarly situated peers, assume "similarly situated" means individuals of similar age and education levels. You may also think of similarly situated peers as extending to individuals in your place of citizenship or residence or between countries.

• Explain how you see these tools reflected in current economic events and how they would be applied in today's economic environment.
• How could you be affected personally or professionally in the application of these tools or principles? Do you believe that your experiences differ from the experiences of similarly situated peers? If your experiences differ from the experiences of similarly situated peers, why do you believe this has been the case?