Eco 102 Week 1 Discussion Macroeconomics And Indicators Please

ECO 102 WEEK 1 DISCUSSION

DISCUSSION 1

“Macroeconomics and Indicators”
Please respond to the following:
a) Discuss what the U.S. economy might be like if there were absolutely no restrictions on transactions between countries. Explain your rationale in your response.
b) Describe the different types of economic indicators to determine which single indicator provides the most useful information to the greatest number of stakeholders. Explain your rationale in your response.

DISCUSSION 2

“Aggregate Demand, Aggregate Supply and History”
Please respond to the following:
a) Use the Internet to find and read a recent article in The Wall Street Journal, located at http://www.wsj.com, describing an event that may affect the U.S. price level and real GDP, and then briefly describe the event you read about and the likely impact on the price level and real GDP in the U.S. Explain your rationale in your response.
b) Look at the brief history of the U.S. economy presented in Chapter 5 and discuss one event that will likely happen in the next 10 years. Provide specific examples to support your response.

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