ECON312 Week 5 Discussion 1 & 2 Latest 2017 March

ECON312 Week 5 Discussion 1 & 2 Latest 2017 March

Subject: Economics / General Economics
Question
dq 1
GDP, Aggregate Demand, and Aggregate Supply (graded)

Go to the BEA website (http://www.bea.gov). On the left tab under Resources, go to the Interactive Data. Select GDP & Personal Income. Under Section 1, see Tables 1.1.6 and 1.1.7. Examine all four components of GDP (C, I, G, and Xn). Which of these four components of AD are rising and which are dropping? On the top righthand corner of the page, you can click on Modify to select prior years.

dq 2

Business Cycles? (graded)

See the latest Beige Book of the Federal Reserve at this link: http://www.federalreserve.gov/monetarypolicy/beigebook/default.htm. Read the Summary section. Based on the information provided, the U.S. economy is currently in which phase of the Business Cycle? Why?