Do sustained periods of economic growth make societies feel less vulnerable to the realities of the business cycle?
Do sustained periods of economic growth make societies feel less vulnerable to the realities of the business cycle?
http://archive.wilsonquarterly.com/essays/rethinking-great-recession
http://www.forbes.com/sites/frederickallen/2011/02/01/the-ultimate-lesson-of-the-great-recession/#5d1bcad33bd1
Read the articles with the links provided above and answer the following questions in your essay in APA format:
The article states that politicians of all sorts are quick to assign reasons for an economic downturn. Who does this article ultimately assign the blame to? Why?
Do sustained periods of economic growth make societies feel less vulnerable to the realities of the business cycle? Is it healthier in the long run for more frequent boom and bust periods? Explain.
When a bust cycle hits the economy what are some tools governments can use to try and get the economy corrected according to your text? What are the pros and cons of such actions?
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