Evaluating Economics Information Answers

Read the quotation from Jerome Powell, chairperson of the Federal Reserve.Generally speaking, the US economy is coming off a very strong year last year. We had growth just a touch—higher than 3 percent. We have high levels of employment, low levels of unemployment, wages are moving up. Consumer confidence is high, business confidence is high. We've seen a bit of a slowing, but I would say the principal risks to our economy now seem to be coming from slower growth in China and Europe.

Read the excerpt from a speech made by President George W. Bush in September of 2008.Good evening. This is an extraordinary period for America’s economy. Over the past few weeks, many Americans have felt anxiety about their finances and their future. I understand their worry and their frustration. We’ve seen triple-digit swings in the stock market. Major financial institutions have teetered on the edge of collapse, and some have failed. As uncertainty has grown, many banks have restricted lending. Credit markets have frozen. And families and businesses have found it harder to borrow money. We’re in the midst of a serious financial crisis, and the federal government is responding with decisive action. We’ve boosted confidence in money market mutual funds and acted to prevent major investors from intentionally driving down stocks for their own personal gain . . .Our economy is facing a moment of great challenge. But we’ve overcome tough challenges before—and we will overcome this one. I know that Americans sometimes get discouraged by the tone in Washington, and the seemingly endless partisan struggles. Yet history has shown that in times of real trial, elected officials rise to the occasion. And, together, we will show the world once again what kind of country America is—a nation that tackles problems head on, where leaders come together to meet great tests, and where people of every background can work hard, develop their talents, and realize their dreams.

Read the citation.Winegarden, Wayne. "Price Controls Impose High Costs On Patients.” Forbes. Forbes Magazine, January 23, 2020. https://www.forbes.com/sites/waynewinegarden/2020/01/23/ price-controls-impose-high-costs-on-patients/#44a6f5845b6f.

Review the graph.Which statement best evaluates the sourcing for this graph?

Read this passage from a 2016 article by Mike Kubic about President Franklin D. Roosevelt (FDR) leading America out of the Great Depression.The start of World War II in 1939 rebooted the global economy, escalated demand for industrial goods, and ended the need for many of FDR’s emergency programs. But his key innovations are still important parts of our lives. The Social Security and other New Deal laws . . . still serve us. They continue to fulfill FDR’s assurance that our nation "will revive and will prosper.”

Read the passage from a speech by President Barack Obama in 2009.We start 2009 in the midst of a crisis unlike any we have seen in our lifetime . . . That is why I have moved quickly to work with my economic team and leaders of both parties on an American Recovery and Reinvestment Plan that will immediately jumpstart job creation and long-term growth. It's a plan that represents not just new policy, but a whole new approach to meeting our most urgent challenges. For if we hope to end this crisis, we must end the culture of "anything goes” that helped create it. And this change must begin in Washington. It is time to trade old habits for a new spirit of responsibility. It is time to finally change the ways of Washington so that we can set a new and better course for America.

Read the citation.Winegarden, Wayne. "Price Controls Impose High Costs On Patients.” Forbes. Forbes Magazine, January 23, 2020. https://www.forbes.com/sites/waynewinegarden/2020/01/23/ price-controls-impose-high-costs-on-patients/#44a6f5845b6f.

Read the excerpt from a speech made by President George W. Bush in September of 2008.Good evening. This is an extraordinary period for America’s economy. Over the past few weeks, many Americans have felt anxiety about their finances and their future. I understand their worry and their frustration. We’ve seen triple-digit swings in the stock market. Major financial institutions have teetered on the edge of collapse, and some have failed. As uncertainty has grown, many banks have restricted lending. Credit markets have frozen. And families and businesses have found it harder to borrow money. We’re in the midst of a serious financial crisis, and the federal government is responding with decisive action. We’ve boosted confidence in money market mutual funds and acted to prevent major investors from intentionally driving down stocks for their own personal gain . . .Our economy is facing a moment of great challenge. But we’ve overcome tough challenges before—and we will overcome this one. I know that Americans sometimes get discouraged by the tone in Washington, and the seemingly endless partisan struggles. Yet history has shown that in times of real trial, elected officials rise to the occasion. And, together, we will show the world once again what kind of country America is—a nation that tackles problems head-on, where leaders come together to meet great tests, and where people of every background can work hard, develop their talents, and realize their dreams.

Which is an example of a secondary source?