The GDP growth

How fast do you think we will recover from this Pandemic Recession? How fast will GDP grow? How fast will
unemployment come down? When will the economy be “healthy” again? How do you define a “healthy”
economy? Will the recovery be the same for everyone? If not, who will experience a faster recovery, and who
will experience a slower recovery? What factors will determine the speed and the distribution (meaning how
differently it is experienced by different people) of the recovery — debt, unpaid rent, education, race/ethnicity,
government spending, taxes, regulations, etc.? Can you use any of the concepts or numbers we discussed in
class to help you forecast the future of the U.S. economy?

 

 

 

 

 

 

Sample Solution
COVID-19 is not only a global pandemic and public health crisis; The global economy and financial markets have equally suffered. Noteworthy declines in income, Increased unemployment rate, and interferences in the transport, service, and manufacturing industries are among the consequences of the disease mitigation measures that have been employed in numerous countries. It has become clear that most governments in the world underestimated the risks of rapid COVID-19 spread and were mostly reactive in their crisis response. As disease outbreaks are not likely to disappear in the near future, proactive international actions are required to not only save lives but also protect economic prosperity.

and trade routes. At dig sites at Cahokia, archaeologists discovered proof of a society in which “elite rulers claiming divine descent controlled the distribution of food,” (Calloway, p.35). There was also evidence of ritualistic sacrifice by the Mississippians. Another important factor of life in Mississippian society is agriculture. The rhythmic cycle between growing corn, beans, and squash reflected the life of the people living in Cahokia and other mound cities. The society was thriving until its eventual collapse due to the arrival of Europeans and the growth of a population who could not be supported by the resources.

2. What is “geomythology,” and how can it be used to learn about the ancient North American past? Answer this question while describing more broadly “how we know what we know” about Native North America prior to European contact.

Geomythology is a term that means the study of legends that strive to explain geological phenomenon such as volcanoes, earthquakes, and the like. These legends allow mythologists and historians to explore the deeper meaning behind Native American stories and to get a first-hand account on how Indians saw the world that they inhabited. Often times historians “do not know quite what to make of stories and consequently dismiss them as myths, not appropriate or useful as historical evidence,” however, “oral transmission of stories is common to all human societies and ‘is probably the oldest form of history making,’” (Calloway, “A Navajo Emergence Story and an Iroquois Creation Story,” p.44). In stories like the Navajo, where the First Man and First Woman emerge from several lower worlds in order to eventually find the present world, or the different Iroquois tribes, which all tell slightly different tales, a

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