(3b) What did you learn? Why is it important? How do the Economics concepts we just covered impact the economy, you and your family, your friends and your employer?
Select the top 10 most important concepts you learned in Chapter 17 of your textbook. Choose from Chapter 17 only.
Number your list and write a three to four sentence explanation of why each concept is important to you and how it impacts your life.
Top 10 Concepts
Active Policymaking
Passive Policymaking
The Phillips Curve
Natural Rate of Unemployment
The impact of Expansionary Policy
Contractionary Policy
Policy irrelevance proposition
Stagflation
New Keynesian Theory
Okun’s Law
