What is the business cycle? Describe what happened in the Great Recession of 2008–2009 in terms of the business cycle
What will be an ideal response?
An ideal response will:
1, Define the business cycle as the manifestation of the instability of capitalism that creates periods of high or low (even negative) economic growth.
2, Describe how the bursting of the real estate bubble and the collapse of the financial industry, which contributed to a deep recession beginning in 2008, and the very slow "jobless" recovery since then dramatically illustrate the low/negative portion of the business cycle.
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How might differing constituencies lead to conflict between the president and Congress?
What will be an ideal response?
According to Gerald Rosenberg, why is the Brown v. Board of Education decision held in such high regard today?
a. It successfully eliminated segregated schools in the United States. b. It was the major catalyst for the civil rights movement. c. It assures Americans that they have ended segregation without actually requiring them to do so. d. Both a and b.