Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN: 9781305506725
Author: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher: Cengage Learning
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Chapter 15, Problem 4CQ
To determine
State the index of leading indicators.
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Economics: Private and Public Choice (MindTap Course List)
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- What was Keynes’s solution to the Depression?arrow_forwardIndicators dashboard assignment 2022 Macroeconomics is about more than just the models discussed in the textbook. JM Keynes wrote about the master economist: ..."He must understand symbols and speak in words. He must study the present in the light of the past for the purposes of the future". As part of your training as master economists, you need to keep an eye on the news and macroeconomic indicators that economists are interested in. For 20% of your module mark you need to present the indicators that you followed throughout the semester in a indicators dashboard. This is due on 27 May 2022. Instructions: • You can compile your dashboard in any way that you like, but for assessment you need to upload a pdf report on eFundi. • This report needs to present the indicators data in tables and graphs, and you need to briefly interpret them: o Use the macroeconomic policy objectives as a starting point: economic growth and increasing employment, stable and low inflation, a sustainable…arrow_forwardDiscuss the key problem associated with the Real Business Cycle model. How can this problem be addressed?arrow_forward
- What is the importance of the J-curve in macroeconomics?arrow_forwardWhat Are the Big Disagreements in Macroeconomics? Briefly highlight the views of classical and Keynesian economists.arrow_forwardWho is John Maynard Keynes? What time period did he write? What did he believe about the market’s ability to recover from a recession?arrow_forward
- Why might it be important to be able to predict the business cycles ? Who might be interested in being able to predict the next business cycle ?arrow_forwardDiscuss in detail the macroeconomic circular flow diagram. Provide a diagram to help with your answer.arrow_forwardIf GDP is currently running faster than potential GDP, can we say, based on that observation alone, that inflation will rise in the near future?arrow_forward
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