Ch. 2 Essay Possibilities
Be prepared to answer any/all of the following questions:
1. Briefly define gross domestic product.
2. What is the main cause of unemployment?
3. Briefly explain the difference between a recession and a depression.
4. Explain how mild inflation can stimulate economic growth.
1. Briefly define gross domestic product.
2. What is the main cause of unemployment?
3. Briefly explain the difference between a recession and a depression.
4. Explain how mild inflation can stimulate economic growth.
