Read the blog post We Will Never See Anything Like It Again: Movements in Real GDP during

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Read the blog post “We Will Never See Anything Like It Again: Movements in Real GDP during the Covid–19 Recession” at https://hubbardobrieneconomics.com/2021/11/09/%ef%bf%bcwe-will-never-see-anything-like-it-again-movements-in-real-gdp-duringthe-covid-19-recession/. In that post, you’ll see a comparison of the COVID–19 recession and the Great Depression. The post describes how changes in the economy—such as the declines in real GDP and employment—were larger during the Covid–19 recession than during the Great Depression. Even so, the Great Depression was far worse than the Covid–19 recession. How could this be?

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Macroeconomics

ISBN: 9780138102494

9th Edition

Authors: Glenn Hubbard, Anthony Patrick O Brien

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