Business Cycles- Macro Topic 2.7

Jacob Clifford discusses the challenges of predicting economic recessions, comparing it to the inaccuracy of Groundhog Day weather predictions. He explains the business cycle, highlighting the human impact of economic downturns. The video introduces the Sahm Rule, a new indicator focusing on unemployment to predict recessions. Clifford emphasizes the difficulty of economic predictions and encourages viewers to engage with his content.

What new insight or understanding did you gain from this video?

Evaluate responses using AI:

OFF