Premium Essay

Econ312 Week 6


Submitted By Angelarms
Words 845
Pages 4
What is the "current macroeconomic situation" in the U.S. (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.)? What fiscal policies and monetary policies would be appropriate at this time?

The information that’s being reported on the news by the news, web, and paper states the U.S. economy is current conditions greatly concerned about unemployment, which is due to the present recession. The current macroeconomic situation is instilling fear in many, because of the unstable and uncertainties of how we’ll recover and things remission from such state of being. The grime view and predictions the media is reporting it as the “decade’s depression”. Unemployment Rate in the United States decreased to 7.40 percent in July of 2013 from 7.60 percent in June of 2013. Unemployment Rate in the United States is reported by the Bureau of Labor Statistics. The United States Unemployment Rate averaged 5.82 Percent from 1948 until 2013, reaching an all-time high of 10.80 Percent in December of 1982 and a record low of 2.50 Percent in May of 1953. To be frank, there many people that do not understand these figures; and most will be assuming or estimating what it could possible mean for them without a real reason. According, to the Trading Economics, “The Gross Domestic Product (GDP) in the United States expanded 1.70 percent in the second quarter of 2013 over the previous quarter. GDP Growth Rate in the United States is reported by the Bureau of Economic Analysis. The United States GDP Growth Rate averaged 3.23 Percent from 1947 until 2013, reaching an all-time high of 17.20 Percent in March of 1950 and a record low of -10.40 Percent in March of 1958. The United States has one of the most diversified and most technologically advanced economies in the world. Finance, insurance, real estate, rental, leasing, health care, social

Similar Documents

Premium Essay

Current Macroeconomic Situation

...DeVry University College of Business and Management Pomona, California Assigment 3 By Arturo Bauer Submitted in Partial Fulfillment of the Course Requirements for Principles of Economics ECON312 3269 Nitin Dvivedi April 14, 2010 Week 6 Assignment Introduction The current macroeconomic situation has been an issue of many talks in the United States and worldwide. Everyone is trying to change the situation, but no definite answer has been found. 1] What is the “current macroeconomic situation” (e.g worrying about inflation and/or recession) in the U.S.? The macroeconomic situation in the United States is not stable due to the financial instability, especially in the macroeconomic arena, because imports and exports are really down. The case for macroeconomic policy stimulus has been stronger in the United States than in Europe or Japan and both US monetary and fiscal policy have already acted forcefully. Going forward, the scope for policy support to decelerating activity depends on inflation developments. Soaring oil, food and other commodity prices have led to a sustained pickup in headline inflation rates and increases in producer price inflation suggest further impending cost pressures. In these circumstances, a ratcheting up of inflation expectations...

Words: 397 - Pages: 2

Premium Essay


...ECON312 Midterm Exam Study Guide YOU MAY WANT TO PRINT THIS GUIDE. 1. The Midterm Exam is open book, open notes. The maximum time that you can spend in the exam is three hours. If you have not clicked the Submit For Grade button by then, you will be automatically exited from the exam. In the exam environment, the Windows clipboard is disabled, and so you still will not be able to copy exam questions or answers to or from other applications. 2. You should click the Save Answers button in the exam frequently. This helps prevent connection timeouts that might occur with certain Internet Service Providers, and also minimizes lost answers in the event of connection problems. If your Internet connection does break, when you reconnect, you will normally be able to get back into your exam without any trouble. Remember, though, that the exam timer continues to run while students are disconnected, so students should try to re-log in as quickly as possible! The Help Desk cannot grant any student additional time on the exam. 3. Midterm Exams are closed end of Week 4. 4. Reminders: * You will only be able to enter your online Exam one time. * Click the Save Answers button often. * If you lose your Internet connection during your Exam, log on again and try to access your Exam. If you are unable to enter the Exam, first contact the Help Desk and then your instructor. * You will always be able to see the time remaining in the Exam at the top right of the page. 5...

Words: 870 - Pages: 4