As we look at positive externalities and negative externalities that impact the economy, we can assess the impact on the macro-economy of the U.S.

For your initial post, address the following questions in at least two paragraphs:

  1. Identify how the “New Deal” affected the U.S. macro-economy.
  2. Discuss how the U.S. economy in 2008 differed from the U.S. economy during the “Great Depression.”
  3. Describe the point on the Production Possibilities Curve that the U.S. economy was operating at in 2008.
  4. Identify how international trade affected the U.S. economy during the “Great Recession” in 2008?

Please refer to your textbook and online sources for your initial post. Credible online sources will need to be used to search for answers regarding the economy and your textbook for information relating to the “New Deal” and the “Great Depression.”

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