A.) Identify periods of recessions or slow growth periods. Compare what the unemployment and inflation rates were
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Question:
A.) Identify periods of recessions or slow growth periods. Compare what the unemployment and inflation rates were doing during those same periods. Identify periods of expansions and compare the unemployment and inflation rates during these expansions as well.
B.) Using your knowledge of history, do you see any correlation between periods of war and expansions or recessions? Look carefully at when wars started and ended and what was happening with the economy at the same time. Discuss. Try to explain the correlation you observed.
Graph Real GDP since 1959.
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