Assignment:
Question:1 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 next two years given the current?
Question:2 What is the current status of the natural rate of unemployment and how is it trending? Is a positive or negative for economic growth?
Question:3 Do you think consumer spending is the largest contributor to economic growth, the GDP, in the US economy? What percentage of the GDP is consumer spending?
Question:4 The Business Cycle: The prevailing theory is that we are in an expansionary phase right now in the US economy, so the next logical phase would be what?
Question:5 Do you feel the US government should be required to have a balanced budget, or do you like the flexibility of the government being able to run a budget deficit?
Question:6 At zero inflation, there is no opportunity for businesses to raise prices to cover increased costs! How important is this issue?