(the Federal Reserve boss) speaks of how the real GDP has not grown much in 2008 and there is a possibility that it may contract a little. Not only is this a little striking, but it raises the attention of the public. I just wanted to see how our economics class would react to this article. It's interesting because, in class, we talked about how GDP may not even really be a measure of a nation's economic process, but more of a nation's economic activity. Now, those are two completely different things and it's interesting to see how some people react to this article. My reaction, personally, is not to be too concerned, but to still acknowledge the aspect of a possible recession. How do my fellow classmates feel?
Showing posts with label rederal reserve. Show all posts
Showing posts with label rederal reserve. Show all posts
Wednesday, April 2, 2008
Speaking of a Recession:
Here is an article to take some time to look into. It talks about the possible recession in the US. Ben Bernanke: 
(the Federal Reserve boss) speaks of how the real GDP has not grown much in 2008 and there is a possibility that it may contract a little. Not only is this a little striking, but it raises the attention of the public. I just wanted to see how our economics class would react to this article. It's interesting because, in class, we talked about how GDP may not even really be a measure of a nation's economic process, but more of a nation's economic activity. Now, those are two completely different things and it's interesting to see how some people react to this article. My reaction, personally, is not to be too concerned, but to still acknowledge the aspect of a possible recession. How do my fellow classmates feel?
(the Federal Reserve boss) speaks of how the real GDP has not grown much in 2008 and there is a possibility that it may contract a little. Not only is this a little striking, but it raises the attention of the public. I just wanted to see how our economics class would react to this article. It's interesting because, in class, we talked about how GDP may not even really be a measure of a nation's economic process, but more of a nation's economic activity. Now, those are two completely different things and it's interesting to see how some people react to this article. My reaction, personally, is not to be too concerned, but to still acknowledge the aspect of a possible recession. How do my fellow classmates feel?
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