Question

Explain why positivity and hope of recovery are important for the macro-economy.

Answer 1

It can be mentioned that positivity and for recovery is very important for macroeconomy because only then you can act during the phases of downfall of an economy and still get away from it.

For instance consider the economy is experiencing an economic downturn or recession and this can create lot of unemployment as a result of whichit is important for the unemployed people to stay positive so that their mental health is not affected as a result of which collectively the government policies and Federal Reserve act in order to increase the the economic condition of the country so that the employment can further be generated again. Positivity is not present this can lead to mental health damage of the individuals which is not desire and hope for the better future or removal of the economic downturn should also be important and only then one can proceed forward and take a policies otherwise the economy would ultimately collapsed to ground on the whole. because it can be mentioned that economic ups and downs are common in an economy it is important for people to stay positive and hope for recovery so that the cycle continuous without any hassle and the development takes place