Recession, such a bad word... How can one man's mention of this word cause a nearly 1.7% plunge in the US stock market? Read this article about Alan Greenspan, former chairman of the US Federal Reserve Bank, and his comments about the possibility of an end to America's long period of economic expansion and low inflation. While reading, look for terms and concepts covered in class, and see if you can draw an AD/AS diagram to model the US economy over the last several years of expansion and then the economy should it start to experience slower growth or recession. Post your comments on this page after you've read the article, identifying what you think are the key points of Greenspan's comments on the state of the global economy.
Friday, March 2, 2007
"Economists have predicted 9 out of the last 5 recessions" Greenspan utters the "R" word...
"Greenspan is Still Able to Move Markets"
Recession, such a bad word... How can one man's mention of this word cause a nearly 1.7% plunge in the US stock market? Read this article about Alan Greenspan, former chairman of the US Federal Reserve Bank, and his comments about the possibility of an end to America's long period of economic expansion and low inflation. While reading, look for terms and concepts covered in class, and see if you can draw an AD/AS diagram to model the US economy over the last several years of expansion and then the economy should it start to experience slower growth or recession. Post your comments on this page after you've read the article, identifying what you think are the key points of Greenspan's comments on the state of the global economy.
Recession, such a bad word... How can one man's mention of this word cause a nearly 1.7% plunge in the US stock market? Read this article about Alan Greenspan, former chairman of the US Federal Reserve Bank, and his comments about the possibility of an end to America's long period of economic expansion and low inflation. While reading, look for terms and concepts covered in class, and see if you can draw an AD/AS diagram to model the US economy over the last several years of expansion and then the economy should it start to experience slower growth or recession. Post your comments on this page after you've read the article, identifying what you think are the key points of Greenspan's comments on the state of the global economy.
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