You must choose one of the following options: 1. A 2-page (double-spaced) paper

You must choose one of the following options:
1. A 2-page (double-spaced) paper
2. A 5-minute recorded presentation featuring PowerPoint (or similar) slides and you speaking
Instructions:
In your paper or presentation, you will respond to an evaluate a quote from a politician about economics. Explain what the politician meant, whether he/she was right, and why, using concepts from class. The most important thing is that you explain clearly using concepts from class why the quote is right or wrong. Then, at the end of your paper/presentation, correct the quote to make it economically correct. You do not have to do this last part if the quote is already correct!
Due to Dropbox on ecourseware by 11:30 pm on May 2. No late papers accepted.
You can choose from the quotes below, or choose your own. If you choose your own, please email it to me so I can approve it first.
Quotes to choose from:
“Just as families and businesses across the nation have tightened their belts, so must the federal government.” –Jack Lew, advisor to President Barack Obama, November 2010 (during the Great Recession)
“We need to spend our way out of this recession.” –President Barack Obama, December 2009 (during the Great Recession)
“Inflation will soar; production will go down; people will lose their jobs. Intense competition for oil will build up among nations and also among the different regions within our own country. This has already started.” –President Jimmy Carter, 1977, talking about higher oil prices
“The last quarter, it was just announced, our gross domestic product — a sign of strength, right? But not for us. It was below zero. Who ever heard of this? It’s never below zero.” –President Donald Trump, June 2015
“Don’t believe these phony numbers. The number is probably 28, 29, as high as 35 percent. In fact, I even heard recently 42 percent.” –President Donald Trump, January 2017 (talking about the unemployment rate)
“Unemployment is low because everyone has two jobs. Unemployment is low because people are working 60, 70, 80 hours a week and can barely feed their family.” – Congresswoman Alexandria Ocasio-Cortez, 2018

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1. A 2-page (double-spaced) paper
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