Andrew Johnson, Chapter 9, Question #3

By  analysing the effects of recession on America, Whelean states that "recessions may actually  be good for long-term growth because they purge the economy of less productive ventures, just as a harsh winter may be good for a species (206). On the otherhand, recession is very detrimental to the present day on a macroeconomic level, such that "our natural (and rational) reaction to precarious economic times is to become more cautious with our spending, which makes our collective situation worse"(Whelan 202). Then, instead of being a gradual augmentation of economic burden, recession continues to gains strength with time. That is why recession is an issue for the present day and the future.