Part 1

Read the article: Consequences of Unemployment and then respond to the following:

Based on your own life observations, identify one personal and one social consequence of unemployment in your country or society. What role, if any, do you believe the government should play to reduce negative consequences?

Please answer in 250 words or more. Use your own words – please do not copy and paste from a web site. Be sure to reference your sources.

Part 2

Please listen to this podcast from The Federal Reserve, “The Business Cycle.”, transcript attached. Consider how the economy has performed throughout your life. Identify a time you believed the economy was in a peak or a trough. When was the economy expanding? When was it contracting? Describe the overall trajectory of the economy throughout your life.

Please answer in 250 words or more. Use your own words – please do not copy and paste from a web site. Be sure to reference your sources.