Macroeconomic Goals- EconMovies #6: Back to the Future (Reupload)

The video explores economic concepts through the lens of the movie 'Back to the Future'. It examines the US economy in 1955 and 1985, discussing GDP, unemployment, and inflation. The video explains the three types of unemployment and the concept of stagflation. It concludes with predictions for 2015 and emphasizes the role of economists in analyzing economic indicators.

How does the text describe the economic conditions of 1955?

What significant economic event occurred in the 1970s that affected inflation?

What does the text suggest about the future and its relation to economics?