1. How might some of the federal government’s recent efforts to help stimulate economic growth affect consumers?

2. Where is the United States in the economic cycle now, and where does it seem to be heading? List some indicators that suggest in which direction it may move.

3. What are some common mistakes that people make in personal finance? Which three might be the worst, and why?

4. Describe some economic circumstances that might persuade the Federal Reserve to lower short-term interest rates.

5. People regularly make decisions in personal finance that have opportunity costs. List three financial decisions you have made recently, and identify the opportunity cost for each.