Chapter 11 - Assignment 1: FDR and the Income and Expenditures Model

Read the text of FDR's fireside chat delivered on April 14, 1938.
  1. Use the terminology of the income and expenditures model discussed in Chapter 11 to summarize the arguments made in paragraphs 11-14.
  2. Use the terminology of the income and expenditures model to explain how the proposed remedies listed in paragraphs 25-39.
  3. What macroeconomic concept is expressed in paragraph 46?
  4. What macroeconomic concept is expressed in paragraph 49?
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