What is the unemployment rate in Greece?
What has happened to U.S. median household income?
What are the symptoms of the Great Depression?
Define the Paradox of Thrift.
& 6. Give two key points that Keynes made on government involvement in a recession.
Keynes wanted to ____________ economics, not ____________them.
In contrast to a Keynesian jolt, what did European governments do?
Define “quantitative easing.”
When interest rates hit zero, what does Keynes recommend?
What is the current account?
What is significant about German’s current account?
Where is there a crying need for additional government spending?
What economic circumstance in the 1970’s cast dispersion on Keynes’ policies?
Give reasons for the second downturn in the Great Depression (after 1937)?
Describe Keynes’ idea of an international clearing union.
What organization may be positioned to do this work?
What countries are pushing the other direction?
& 20. Briefly state The Great Depression in three acts (use chart).
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