I wish the economy wasn't so bad, I cant find work anywhere.
Well,we may call that a downward economy, recession or depression
The great depression was generally believed to be caused by very specific economic events.
Economic events could be what,it viewed by different economic thought ,like the classicals or Keynesians
Keynesian ecomincs is a bery interesting topic, it puts much more nuance on the ecomomy than just "Supply and Demand."
Yeah ,its emphasis was on inflationary trend as against the monetary policy of which the classical base their thought on
I wonder how inflation has influenced modern economic trends? I know things are more expensive than when I was younger - seems bad.
Yeah when taxes are increased, household incomes are affected,consumption reduces ,its what we call the Keynesian economic thought that causes inflation.