watch the Billy Joel video: Allentown and answer the following questions. Please answer each question in detail and write at least 250+ words for this assignment. You must also write complete sentences in written assignments. “Yes” and “No” only and one-sentence answers are not accepted in this class. Please include a graph of the Circular Flow Model (see Course Information Module for the “How to add graphs to your written assignments page).
**I could not find the original video on YouTube, but if you would like to you can into YouTube and type in Billy Joel “Allentown” and see if you can find it (it is actually quite entertaining and very 1980’s).
Please answer the following questions in 250+ words total after you have read about the Circular Flow Model on page 17 in the textbook and watched the video and lyrics.
- How can we use the circular flow model to explain what happened in Allentown?
- Explain the step-by-step process of what happened in Allentown according to the circular flow model with reference to the song/video.
- Can you think of any other cities/urban areas that experienced or are experiencing this type of economic downturn? Again, use the circular flow model as a reference and explain in detail.
- What do you think is happening in the Circular Flow Model based on our current economic conditions in the U.S.?
Since you must include a graph that you have drawn on your own, please upload your file to the dropbox in Word or PDF format.
Video link