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What lessons should the government learn from the Great Depression?
• Watch: 1929 Stock Market Crash and the Great Depression – Documentary [58:35 minutes]
• After watching the above video and the relevant discussion in Special Topic 6 in the textbook, discuss why might business cycle occur?(500 words)
Summarize the causes and consequences of the economic downturn. (500words)
What lessons should the government learn from the Great Depression?(500 words)
• Requirements: Write a minimum 500-word response for each of the above questions, in APA format. Your analysis needs to relate the relevant economic concepts learned so far and be sure to justify your arguments.
• How does the aggregate goods and services market differ from the regular supply and demand graph in Chapter 3? Address the measures of price, quantity, and the demand and supply curve(s).
• Requirements: 250 words minimum initial post, 100 words minimum reply.
• How does the self-correcting mechanism act to pull the economy out of a recession?
• Requirements: 250 words minimum initial post, 100 words minimum reply.
Answer preview What lessons should the government learn from the Great Depression?
365 words