Web Activity 1

How bad was the Great Depression in the United States? Check how long it lasted at www.nber.org/cycles.html. Find out how much real GDP fell by going to www.economagic.com, and clicking "most requested series"). Chart the unemployment rate for the period at www.bls.gov.

Web Activity 2

At the U.S. Congressional Budget Office, http://www.cbo.gov, search "CBO forecasting record." Since CBO forecasts inform decisions made by the President and Congress, forecast accuracy is essential. How did the CBO perform?