Caroline Pellegrin, Chapter 9, Question 7

Not only did Chapter Nine define the GDP and the financial market of the United States, but I think it also addressed many common "economic misconceptions" that I had. The primary misconception being that the United States' economy was in a horrible place. Yes, in 2007-2008 we did experienced significant economic downturn relating to the housing market, but its not as if it was (is) unmanageable. The Obama Administrations' response to the situation, while not entirely flawless, did do a lot to improve the nation's economic disparity. Obama instituted several fiscal policies to prevent  further job loss, assure the American populace and bolster the economy. Obama's best choice? Not instituting a ton of monetary policy, which would lessen the nation's economic growth and make people and banks shy away from making anymore loans. Finally, although we experienced a major economic depression, we are still doing pretty well in terms of overall GDP growth. If we can employ policies and decisions to make the "ups and downs" of the curves more smaller- our economy will be even more manageable.