Macroeconomics Gone Wrong: The Ratchet Effect

Yes, my teacher is responsible for the large green "PRAY" written across the page.

Yes, my teacher is responsible for the large green “PRAY” written across the page.

November 15, 2001: Question #4 on my macroeconomics quiz, junior year of high school:

Question 4. Graph and explain the ratchet effect (in detail as usual).

Answer: like a ratchet, it can turn one way, but not the other way

(Teacher note: “lol!”)

The money shot here is that after grading my test – on which I received a 15/60 – my teacher wrote, in thick green marker across the entire page: PRAY

Yes, I’m serious… my teacher actually handed my paper back with “PRAY” written across it. He was a hilarious guy, though, seriously! I’m glad he re-paid the laugh I gave him with my ridiculous answer to the final question on the quiz.

#economics #macroeconomics #quiz #test #high school #bad grades #grades


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About Cody Gough

Cody Gough is a podcast and digital media executive and award-winning producer. Among his accomplishments, most notably he spent more than a decade on-air at Chicago's WGN Radio, and later produced and hosted more than 1,000 episodes of Discovery's award-winning educational podcast, Curiosity Daily. Cody is a podcast professional specializing in audio programming and production. What sets him apart is that he's a terrestrial radio professional AND a digital native with a social media marketing background. This means he's able to combine the radio industry's 100+ years of learnings with digital content expertise to make superior podcasting strategies and content. As an established radio veteran, Cody spent more than a decade producing and hosting shows on Chicago's prestigious 720 WGN Radio. There, he helped launch the WGN Plus podcast network, where he hosted their first and only dedicated video game podcast, Game/Life Balance U.S. In addition to his broadcast experience, Cody has written for various outlets, including, the GonnaGeek Network, and HuffPost. He's also a graduate of several improv programs in Chicago (including the Second City Conservatory) and has written and performed for a variety of theater, film, and web productions, as well as industrial/commercial videos.

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