1.Identify the economic cycles this economy passed through between 2005 and 2019. Define the periods of recession and of expansion. Maybe you can tell why those happened.
2.Identify the components of the GDP and see their behavior during each economic cycle. Which component is more important and when? Why may they change?
3.Try to see and explain how the economic variables changed and developed during the different economic cycles. Do you see a pattern? Can you identify and explain how these economic fluctuations have affected other variables?
4.Also, the other way… can you talk about the economic policies (fiscal and monetary) undertaken during the different periods, as a reaction (or not) to the economic situation? Do they follow the economic theory we have seen (will see) at class?
5.Do you identify any danger for this economy?
6.Please, use economic vocabulary seen at class. This will be rewarded.
