23

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School

Southern New Hampshire University *

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Course

104

Subject

Economics

Date

Nov 24, 2024

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docx

Pages

1

Uploaded by LieutenantNarwhalPerson860

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Please tell the class about your background and reasons for taking this course and what you expect to gain from this class. Discuss the three primary concerns in macroeconomic analysis. The unemployment rate relates to the health of the labor market. It doesn't just pertain to the population it also relates to resource allocation. The lower the unemployment rate the higher consumer spending and less government spending on social programs, on the other hand the higher the unemployment rate, the less consumers will spend and buy. which may lead to the next factor. Inflation is the increase in the price of goods and services as a result of a poor economy. The higher the cost of goods and services, the less people will pay, which force companies to reduce their labor force in order to maintain a balance between costs and profit. Inflation also increases wages, which puts more stress on small business owners. Given the description of each of these factors, its apparent how relatable to each other they are and how important they are to a country's economy.
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