What concepts or theories did you find most interesting and/or useful? Is there an area where you changed your thinking?
I think that I really liked learning about the open economy and how that works trade will always need to happen in order for the world to keep going, I feel like something I found useful was learning how to read the the graphs and see the difference between supply and demand. There wasn’t really much that I knew about the economy so most of the information I learn was the first time I heard it.
Re this chapter: Which debate do you consider most important and interesting? Which side do you agree with? Why?
Should the Government Fight Recessions with Spending Hikes Rather Than Tax Cuts? I think that yes they should because the way that recessions are normally handled are to restore aggregated demand to a level consistent with full employment in the economy’s labor force. The way this happens is the money supply increases, so the central bank reduces interest rates.
Macroeconomics 