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ECO 372 Final Exam Guide
ECO 372 Entire Course
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 ) Real gross
domestic product is best defined as 4)
Underemployment includes people
ECO 372 Week 1 Individual Assignment
Macroeconomic Terms ECO 372 Week 1 Knowledge
Check ECO 372 Week 1 Discussion Question 1 ECO
372 Week 1 Discussion Question 2 ECO 372 Week 2
Individual Fundamentals of Macroeconomics
Paper ECO 372 Week 2 knowledge Check ECO 372 week
2 Team Weekly Reflection Economic Forecasting
Paper (2 Papers)
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ECO 372 Week 1 Discussion Question 2
ECO 372 Week 1 Discussion Question 1
What is the difference between real and nominal
GDP? Does GDP accurately reflect our nations
well being? Explain.
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 Knowledge Check
ECO 372 Week 1 Individual Assignment
Macroeconomic Terms
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 3.Which of the
following economic activities would be included
in the U.S. domestic gross product
(GDP)? 4.Cyclical unemployment is defined as
unemployment that results from 5.The longest
business cycle expansion in U.S. history occurred
in the 10 years from 6.Economics is the study of
how
The Macroeconomic Terms.
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ECO 372 Week 2 Group Discussion Question
ECO 372 Week 2 Discussion Question 1
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?
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 knowledge Check
ECO 372 Week 2 Individual Fundamentals of
Macroeconomics Paper
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 4.The hypothesis about
the macroeconomy that sees the recent problems
with the U.S. economy directly related to the
structural problems caused by globalization is
referred to as the __________ hypothesis. 8.The
central difference between the standard theory
and the structural stagnation hypothesis when it
comes to growth is
Write a 700- to 1,400-word paper summarizing the
results. Consider the following examples of
economic activities Purchasing of
groceries Massive layoff of employees Decrease in
taxes
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ECO 372 Week 3 Discussion Question 1
ECO 372 Week 2 Team Weekly Reflection Economic
Forecasting Paper (2 Papers)
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?
Develop a list of resources you might use to
gather historical economic data as well as
economic forecast data. Explain how and why each
source is valuable and useful. Identify any
quantitative or qualitative forecasting factors
contained in the sources. Discuss this weeks
objectives with your team. Your discussion should
include the topics you feel comfortable with, any
topics you struggled with, and how the weekly
topics relate to application in your field.
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ECO 372 Week 3 knowledge Check
ECO 372 Week 3 Group Discussion Question
If you expect interest rates to rise, you will
want to be holding 2.The interest rate is the
price paid for the use of a 3.Which of the
following do policy makers tend to target when
setting monetary policy? 4.If the Federal
Reserve reduced its reserve requirement from 6.5
percent to 5 percent, this policy would most
likely
What are the uses of money?Describe how rapid
inflation can undermine moneys 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 4 Discussion Question 1
ECO 372 Week 3 Team Aggregate Demand and Supply
Models (2 Papers)
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?
For this assignment, you will choose from the
following options Option 1 Economic
Advisement Paper Option 2 Economic
Critique Read the instructions in the
University of Phoenix Material Aggregate Demand
and Supply Models located on the student website
and select one option to complete the assignment.
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ECO 372 Week 4 Individual Federal Reserve
Presentation (2 PPT)
ECO 372 Week 4 Group Discussion Question
Your boss has chosen you to give a presentation
to a number of foreign officials regarding the
United States Federal Reserve System. These
officials are very interested in doing business
in the United States, but they would like to
learn more about the Federal Reserve and how it
operates. Develop a 10- to 15-slide Microsoft
PowerPoint presentation. Address the following
questions and include a notes page which contains
the write-up portion to each question
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 Reflection Supply Chain and
Demand Model
ECO 372 Week 4 knowledge Check
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
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 same time.
Then, 5 Because automatic stabilizers lower
transfer payments and raise tax receipts as an
economy recovers from a recession, they
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ECO 372 Week 5 knowledge Check
ECO 372 Week 5 IndividualTeam International Trade
and Finance Speech (2 Papers)
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? 3.If a government
has implemented significantly higher trade
tariffs, but does not want this action to affect
the value of its currency, it will 4. During
2007, the United States and Japan announced
possible limits on Chinese imports through higher
tariff rates on Chinese products. To avoid these
limits, China would have to
Assume that you have been appointed as the
Speaker of the House. You must deliver a speech
about the current state of the U.S. macroeconomy
to a number of amateur reporters who are
unfamiliar with economics. Prepare a 750- to
1,050-word speech in simple terms and concepts
that focus on international trade and foreign
exchange rates. Integrate a summary of your
answers tothe following questions and cite
external research to further justify your facts
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ECO 372 Week 5 Learning Team Fiscal Policy Paper
(2 Papers)
Discuss within your Learning Team how and why the
U.S.s deficit, surplus and debt have an effect
on the following Tax payers
Future Social Security and Medicare users
Unemployed individuals University of
Phoenix student
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