Economics Homework Help

The article argues that it is worthwhile to study past business cycles even though recent downturns in the US have been much shorter. First, why do you think recent business cycle downturns have been shorter? Second, in your opinion is it worthwhile to study earlier (longer) business cycle downturns? Be sure to use at least 2 course concepts(macro short-run model, IS curve, and Keynesian cross) to support your opinion in your answer. Your answer must be provided in the text box below and be between 200-500 words.

Brief opinion is graded on a 5-point scale.

5 Points: Answer between 200-500 words addressing the questions asked and accurately using at least 2 course concepts to support opinion. Turned in before due date and time.

3 Points: Answer between 200-500 words addressing the questions asked but makes some incorrect statements about course concepts. Turned in before due date and time.

0 Points: Everything else.