ECO 372 Week 1 Summary ECO 372 Week 1 Discussion Question 1 ECO 372 Week 1 Discussion Question 2 ECO 372 Week 1 Discussion Question 3 ECO 372 Week 1Read More
Why is economics considered a social science? What role does economics play in your personal and professional lives?
What is the difference between real and nominal GDP? Does GDP accurately reflect the nation’s welfare? Why or why not? How can a country’s GDP be manipulated? In your opinion,Read More
What are the different types of unemployment? How do they affect the economy in terms of growth, labor force, and price of labor? Cite specific examples to support your response.
Identify economic factors that affect the real GDP, the unemployment rate, the inflation rate, and a key interest rate. How do you predict the economy will perform in the nextRead More
ECO 372 Week 1 Summary
Explain the viewpoints of classical and Keynesian economists. How did the economy that existed at the time of these theories influence them? Which theory is more appropriate for the economyRead More
Why do Keynesian economists believe market forces do not automatically adjust for unemployment and inflation? What is their solution for stabilizing economic fluctuations? Why do they believe changes in governmentRead More
In your opinion, which two determinates currently have the greatest impact on aggregate demand and supply? Justify your response with an example.
What is the difference between contractionary and expansionary fiscal policies? Which is more appropriate today? Explain your answer. How might contractionary and expansionary fiscal policies affect your organization?
Resource: Figure 3-1 in Ch. 3 of Macroeconomics. Part 1 Describe the following terms in your word. · Gross domestic product (GDP) · Real GDP · Nominal GDP · UnemploymentRead More
ECO 372 Week 2 Summary