How to record what my speakers are hearing live


I am new to this forum. Thank you for reading this.

I had utilized Audacity in the past to record live skype conversations. For some reason, it is not working and therefore
I downloaded a newer version of Audacity.

I would like to use Audacity to record a live skype conversation and then turn the audacity file into a wav and then an mp3. For some reason, the headings in the software recorder platform have changed, or have appeared to change and I will need to know what settings to utilize for recording.

If someone can help me here, that would be great.

Thank you very much.


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