Chapter 8 Response

Chapter 8 Response

by Brady Ellington -
Number of replies: 3

By looking at the graph we can see that during tough times in the world, we can also see that government interference causes unemployment to rise. For example, in 2020 because of Covid the government made people stay home and quarantine, This lead to unemployment rising. In 2008, the government wanted people to buy houses. So, they made banks give out loans to be able to buy houses. Well, people then weren't able to pay back these loans and the housing bubble popped and unemployment rose. 

In reply to Brady Ellington

Re: Chapter 8 Response

by Talon Mayer -
Good observation. Government intervention shortsightedness leads to bigger problems in the future.
In reply to Brady Ellington

Re: Chapter 8 Response

by Luke Schwartz -
Yes, very true. The government should stay out of economics less than they have been even more recently, like during Covid.
In reply to Brady Ellington

Re: Chapter 8 Response

by Alyssa Blasius -
I like the real world examples that you used. I agree that the interference of the government more often than not is the cause of high unemployment rates. If people are getting "free money", why would they work for any more?
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