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Chapter 9: Classical Macroeconomics and the Self-Regulating Economy: Pre-Class & In-Class Activities Pac Name/ I.D. Number: Section: Date: Part 1: Video Questions on What Causes a Recession? 1. What makes recessions unpredictable? 2. According to the video, how many families or households are there in the U.S.? 3. What are the roles of banks and what do people do in a normal economy? 4. What is a double dip and what are the causes of double dip recession? 5. How many total jobs were lost because of the recession in the video story? 6. What are the two emotions in an economy? 7. How does fear affect consumers in the economy? 8. What happens to banks when the economy goes off the rails? 9. How is fear affecting the relationship between the bank and the farmer? 10. What actions would producers take when consumers start to out back on their spending? 11. What is the sign that the entire economy is really beginning to get into trouble? 12. What is a confidence fairy" in the video'story? 13. What is the good thing about recessions in the video story? 1. What are the so called 'good government activities that help and recessions? 15. What kind of battle is going on at the bottom of a recession? 16. What do we mean by all recessions eventually come to an end and how to recessions nave found atfect of human Chapter 9: Classical Macroeconomics and the Self-Regulating Economy: Pre-Class & In-Class Activities Pac Name/ I.D. Number: Section: Date: Part 1: Video Questions on What Causes a Recession? 1. What makes recessions unpredictable? 2. According to the video, how many families or households are there in the U.S.? 3. What are the roles of banks and what do people do in a normal economy? 4. What is a double dip and what are the causes of double dip recession? 5. How many total jobs were lost because of the recession in the video story? 6. What are the two emotions in an economy? 7. How does fear affect consumers in the economy? 8. What happens to banks when the economy goes off the rails? 9. How is fear affecting the relationship between the bank and the farmer? 10. What actions would producers take when consumers start to out back on their spending? 11. What is the sign that the entire economy is really beginning to get into trouble? 12. What is a confidence fairy" in the video'story? 13. What is the good thing about recessions in the video story? 1. What are the so called 'good government activities that help and recessions? 15. What kind of battle is going on at the bottom of a recession? 16. What do we mean by all recessions eventually come to an end and how to recessions nave found atfect of human