Current Events -- There will be one or two questions about these events on each exam. For Exam #3 Fall 2009 Bernanke: Weak Recovery Ahead Fed chairman said high unemployment and tight credit will limit economic growth, but he dismissed worries about another recession and dollar weakness. Jobless claims lowest since January The government says first-time claims for unemployment benefits fell more than expected last week to 502,000. Next up: More stimulus? Despite signs of recovery, some economists argue it's time for Congress to approve another round of stimulus. Others think $787 billion is plenty. Paul Krugman Op-Ed Columnist Too Little of a Good Thing The good news is that the American Recovery and Reinvestment Act, a k a the Obama stimulus plan, is working just about the way textbook macroeconomics said it would. For Exam #1 Fall 2009 U.S. Budget Gap Widens (09/11/09) The Chair of the President's Council of Economic Adisers, Says Stimulus Boosted Jobs by 1 Million  (09/10/09) Productivity Augurs Recession's End.  Usually (08/11/09) GDP Falls by 1% in Second Quarter, Less Than Expected (07/31/2009)