Tuesday, March 31, 2015

Elizabeth Chun, question 6

I found it interesting that so much of our future economy is based on the mindset people have about it. When a recession hits, people stop spending money and without buying and selling the economy will become worse off. I had never thought about how a recession is a downward spiral before, however it makes a lot of sense. The story of the president of the federal reserve not letting his worry spread to others exhibited how real this mindset problem can become.

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