3. ECO 372 Final Exam (New)
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1. News Story: Workers at a car-manufacturing plant
in Flint, Michigan are laid off because the economy is
weak and GM cars aren't selling well. GM isn't sure
when the plant will reopen. What type of unemployment
describes the workers' situation? Frictional
unemployment Structural unemployment Full
4. ECO 372 Final Exam Guide (Uop)
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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
5. ECO 372 Week 1 Discussion Question 1 (Uop)
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What is the difference between real and nominal GDP?
Does GDP accurately reflect our nation’s well being?
Explain.
6. ECO 372 Week 1 Discussion Question 2 (Uop)
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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
7. ECO 372 Week 1 Individual Assignment Economic
Definitions Worksheet (New)
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Complete the Macroeconomic Terms Worksheet. Click
the Assignment Files tab to submit your assignment.
8. ECO 372 Week 1 Individual Assignment Macroeconomic
Terms
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Complete the Macroeconomic Terms.
9. ECO 372 Week 1 Knowledge Check
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1.The two frameworks conventional economists
generally use to analyze macroeconomic issues are
2.The relationship between real and nominal interest
rate can be expressed by
10. ECO 372 Week 2 Discussion Question 1 (Uop)
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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?
11. ECO 372 Week 2 Group Discussion Question (Uop)
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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 policies affect your
organization?
12. ECO 372 Week 2 Individual Assignment Product
Purchases and the Economy
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You've been debating on making a purchase for
yourself. This is a product you've wanted for a while,
but one that requires budgeting because you will be
making monthly payments. Select a product in which
the demand for the product is clearly affected
13. ECO 372 Week 2 knowledge Check
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1.The globalized AS/AD curve is the standard AS/AD
model with an added
2.According to Say's Law, people
3.A shift in the long-run aggregate supply curve will
change
14. ECO 372 Week 2 Team Weekly Reflection Economic
Forecasting Paper (2 Papers)
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This Tutorial contains 2 different Papers
Develop a list of resources you might use to gather
historical economic data as well as economic forecast
data.
15. ECO 372 Week 3 Discussion Question 1 (Uop)
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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?
16. ECO 372 Week 3 Group Discussion Question (Uop)
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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.
17. ECO 372 Week 3 Group Discussion Question (Uop)
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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.
18. ECO 372 Week 3 Team Assignment Fiscal Policy Paper
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Select an organization with which the team is familiar.
Write a 1,400- to 1,750-word paper in which you
include the following: Research federal government
spending and taxes over the last 3-5 years (fiscal
policy). Has total government spending increased or
decreased? Explain.
19. ECO 372 Week 4 Discussion Question 1 (Uop)
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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?
20. ECO 372 Week 4 Group Discussion Question (Uop)
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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?
21. ECO 372 Week 4 Individual Assignment International
Economics Paper
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Select an organization that both U.S. and international
presences. Write a 1,050- to 1,400-word paper in
which you answer address the following: What does
the president and congress do to stimulate the
economy? What does the president and congress do to
22. ECO 372 Week 4 knowledge Check
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1.In the long-run framework, budget surpluses
2. The budget deficit or surplus is
3.Deficits and surpluses are best viewed as
4.Suppose the government increases spending by $30
billion and raises taxes at by $20 billion at the
23. ECO 372 Week 4 Team Reflection Supply Chain and
Demand Model
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Discuss the relationship between supply chain and the
supply and demand model.
Prepare a 350- to 1,050- word paper detailing the
findings of your discussion.
24. ECO 372 Week 5 knowledge Check
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1.In the U.S. current account, most of the trade deficit
results from an excess of imported
2.What is the difference between the balance of trade
and the balance of payments?
25. ECO 372 Week 5 Team Assignment Deficit and Debt
Presentation
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Create a 15- to 18-slide PowerPoint® presentation
including detailed speaker notes in which you include
the following: Research the direction of monetary
policy over the last 3-5 years. Has the money supply
increased or decreased? Explain.
