Three Ideas to Fight the Recession   Leave a comment

Link: https://www.npr.org/2020/04/01/825639315/three-ideas-to-fight-the-recession

Many economists believe the stimulus provided in the CARES Act may end up not being enough to combat the current economic downturn. Economists are suggesting three things: using automatic triggers, such as a rise in the unemployment rate, to trigger future payments by the government; allowing individuals to receive their money through mobile apps such as Venmo; and allowing small businesses to refinance existing debt.

Original Air Date: April 1, 2020

Length: 9 minutes 20 seconds

Written Assignment Prompt: Discuss the pros and cons of the ideas discussed in this podcast. Which, if any, do you think will have the best impact on the economy? What ideas can you come up with that may help combat the effects of this recession?

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