ECO 372 Squared Instruction Uophelp
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1) The largest source of household income in the U.S. is obtained from
2) The market where business sell goods and services to households and the government is called the
3) Real gross domestic product is best defined as
4) Underemployment includes people
A. who work “off-the-books” to avoid tax liabilities B. who are working part time, or not using all their skills at a full-time job
5) The Bureau of Economic Analysis is responsible for which of the following?
6) The Federal Reserve provides which of the following data?
7) Consider if the government instituted a 10 percent income tax surcharge. In terms of the AS/AD model, this change should have
8) If the depreciation of a country’s currency increases its aggregate expenditures by 20, the AD curve will
A. shift right by more than 20 B. shift right by less than 20 C. shift right by exactly 20 D. not shift at all
9) Aggregate demand management policies are designed most directly to
10) Suppose that consumer spending is expected to decrease in the near future. If output is at potential output, which of the following
policies is most appropriate according to the AS/AD model?
11) According to Keynes, market economies
12) The laissez-faire policy prescription to eliminate unemployment was to
13) In the AS/AD model, an expansionary monetary policy has the greatest effect on the price level when it
14) The Federal funds rate
15) What tool of monetary policy will the Federal Reserve use to increase the federal funds rate from 1% to 1.25%?
16) If the Federal Reserve increases the required reserves, financial institutions will likely lend out
17) Suppose the money multiplier in the U.S. is 3. Suppose further that if the Federal Reserve changes the discount rate by 1 percentage
point, banks change their reserves by 300. To increase the money supply by 2700 the Federal Reserve should
A. reduce the discount rate by 3 percentage points B. reduce the discount rate by 10 percentage points
C. raise the discount rate by 3 percentage points D. raise the discount rate by 10 percentage points
18) If the Federal Reserve reduced its reserve requirement from 6.5 percent to 5 percent. This policy would most likely
19) A country can have a trade deficit as long as it can
20) A weaker dollar
21) In the short run, a trade deficit allows more consumption, but in the long run, a trade deficit is a problem because
22) Considering an economy with a current trade deficit and considering only the direct effect on income, an expansionary monetary policy
tends to
23) The balance of trade measures the
24) When a country runs a trade deficit, it does so by:
25) Expansionary fiscal policy tends to
26) In considering the net effect of expansionary fiscal policy on the trade deficit, the
27) If U.S. interest rates fall relative to Japanese interest rates and Japanese inflation falls relative to U.S. inflation, then the
28) Expansionary monetary policy tends to
29) The U.S. has limits on Chinese textile imports. Such limits are an example of
30) Duties imposed by the U.S. government on imported Chinese frozen and canned shrimp are an example of
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ECO 372 Week 1 Discussion Question 1
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What is the difference between real and nominal GDP? Does GDP accurately reflect our nation’s well being? Explain.
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ECO 372 Week 1 Discussion Question 2
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Unemployment rate measures the number of unemployed workers in the labour force. List and explain three types of unemployment. Find the most recent unemployment rate of your state. From a personal perspective, can you explain your view of the current job market in your local area?
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ECO 372 Week 1 Individual Assignment Term Definition Paper
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Prepare a 700- to 1,050-word paper in which you define the following terms:
- Gross domestic product (GDP)
- Real GDP
- Unemployment rate
- Inflation rate
- Interest rate
Explain how the circular flow diagram illustrates the interaction of households, government, and business. Also, describe how current economic conditions affect your organization or one with which you are familiar. Identify the most important economic indicator affecting your organization and explain why.
Format your paper consistent with APA guidelines, and include a copy of Certificate of Originality.
This assignment is due in the Assignment Folder by Monday (Day 7).
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ECO 372 Week 2 Discussion Question 1
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How do Classical and Keynesian economists differ in their view of the aggregate supply curve?How does this influence what Classical and Keynesian economists believe about fiscal policy?
Do you think the current President and Congress were taking Classical approach in their fiscal policies? Explain your answer.
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ECO 372 Week 2 Group Discussion Question
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What is the difference between contractionary and expansionary fiscal policies? Which is more appropriate today? Explain your answer. How might contractionary and expansionary fiscal p**************************************************
olicies affect your organization?
ECO 372 Week 2 Team Assignment Industry Overview Paper
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Prepare a 1,400–1,750-word paper based on your selected industry. Include in your paper a brief history of the industry, an industry overview, and a SWOTT (Strengths, Weaknesses, Opportunities, Threats, and Trends) analysis of the industry. Define and address the impact of the following required economic elements:
- Real GDP
- Unemployment rate
- Inflation rate as measured by the Consumer Price Index (CPI)
Include three additional economic indicators applicable to your industry, from the following list:
- Interest rate; examples include mortgage rate, prime interest rate, federal funds rate, discount rate, three-month treasury bill, 10-year treasury bond
- Housing starts
- Auto sales
- Foreign exchange rate
- Producer Price Index (PPI)
- Oil and fuel price0073
Identify the sources of your historical and forecast economic data for each indicator.
Format your paper consistent with APA guidelines, and include a copy of Certificate of Originality.
This assignment is due in the Assignment Folder by Monday (Day 7).
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ECO 372 Week 3 Discussion Question 1
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What is the difference between contractionary and expansionary monetary policy? Which is more appropriate today? What are the impacts of this policy on US economy?
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ECO 372 Week 3 Group Discussion Question
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What are the uses of money?Describe how rapid inflation can undermine money’s ability to perform its three basic functions. Will current Fed’s policy hinder money’s ability to perform its three basic functions? Explain your rational.
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ECO 372 Week 3 Individual Assignment Fiscal Policy Alternatives Simulation
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Resource: Evaluating Fiscal Policy Alternatives simulation
Access and complete the Evaluating Fiscal Policy Alternatives simulation on the student website. Based on your learning, reading, and the simulation, prepare a 200–400-word summary:
- Address your Growing Further results.
- List the effects of the changes in fiscal policy in the simulation.
- List four key points from the readings emphasized in the simulation.
This assignment is due in the Assignment Folder by Sunday (Day 6).
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ECO 372 Week 3 Team Assignment Economic Indicators Paper
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Prepare a 1,400- to 1,750-word paper in which you define each indicator from the Industry Overview paper, and describe its current status. In addition, present a separate graph for each indicator, illustrating each historic trend.
Analyze the relationship among inflation, unemployment, and the business cycle on the industry.
Assess the effect of inflation, unemployment, and the business cycle on the industry. Explain whether current economic conditions are more consistent with Keynesian or classical economic theories.
Format your paper consistent with APA guidelines and include a copy of Certificate of Originality.
This assignment is due in the Assignment Folder by Monday (Day 7).
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ECO 372 Week 4 Discussion Question 1
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Who benefits from a tariff or quota? Who loses? What are the positives and negatives of protectionist trade policies? Which policy is best right now?
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ECO 372 Week 4 Group Discussion Question
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Define trade surplus and trade deficit? How do trade deficits and surpluses affect exchange rate and the industry in which you work?
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ECO 372 Week 4 Team Assignment Economic Indicator Forecast Paper
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Use the economic indicators from your Industry Overview Paper.
Prepare a 1,400- to 1,750-word paper in which you compare and contrast at least two two-year forecasts from separate sources, for each economic indicator.
Include an explanation of the differences among forecasts for each indicator and a rationalization for which forecasts are most accurate. How does your chosen forecast affect operational and planning issues in your industry? Defend your opinion.
Formatyour paper consistent with APA guidelines, and include a copy of Certificate of Originality.
This assignment is due in the Assignment Folder by Monday (Day 7).
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ECO 372 Week 5 Individual Assignment Applying International Trade Concepts Simulation
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Resource: Applying International Trade Concepts simulation
Access and complete the Applying International Trade Concepts simulation, located on the Materials page of the student website.
Prepare a 200–400-word summary:
- Address your Concept Summary results.
- Explain how changes in monetary policies affect exchange rate.
- List four key points from the readings emphasized in the simulation.
This assignment is due in the Assignment Folder by Sunday (Day 6).
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ECO 372 Week 5 Team Assignment Economic Project Paper
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Prepare a 3,500- to 4,550-word paper based on the analysis in your Learning Team assignments that are applicable to the final project.
Include an in-depth analysis on how your forecast will affect your industry.
Include an evaluation of the effect of past and current fiscal policies, monetary policies, budget deficits, or surpluses on the economy and your industry.
Include a group of final recommendations and strategic initiatives in your paper.
Format your paper consistent with APA guidelines and include a copy of Certificate of Originality.
This assignment is due in the Assignment Folder Saturday (Day 5).