The Economic Lowdown podcast series is produced by the Economic Education department of the St. Louis Fed for high school and college students. The series covers topics in economics, banking and monetary policy. The podcasts use clear, simple language to describe the economic concepts presented. In the end, students see how economic principles affect the choices they make in their everyday lives.
“Recession” is one of the scariest words in economics. The loss of jobs and income can have lasting impacts on people’s lives. How does the economy get back on track when it’s off course? In this episode, learn about how the government uses fiscal policy to influence the economy.
In this episode of The Economic Lowdown Podcast Series, you will learn how inflation influences the real return on your deposits, and why price stability—a responsibility of the Federal Reserve System—is important.
Prices send signals and provide incentives for buyers and sellers in ways you possibly never thought about. In a market economy, price signals prevent massive shortages and ensure that consumer wants are largely satisfied. In this podcast, hear how price signals from gas prices influence decision-making for both a father of three and a production supervisor for an oil refinery.