A learning module on the Great Recession that followed the 2007-2008 mortgage crisis in the United States. It includes several supporting questions accompanied by formative tasks and source materials, followed by a summative performance...

By the end of this section, you will be able to explain recessions, depressions, peaks, and troughs; evaluate the importance of tracking real GDP over time; and analyze the impact of economic fluctuations on a country's output and price...

Keynesian economics focuses on explaining why recessions and depressions occur and offering a policy prescription for minimizing their effects. The Keynesian view of recession is based on two key building blocks: recessions occur when...

Read about fluctuations in Gross National Product (GDP) from year to year.

Read about how we can use the Keynesian perspective to think about the common tradeoff between low inflation and low unemployment.