ECO 372 UOP Course,ECO 372 UOP Tutors,ECO 372 UOP Assignments

Question 1

ECO 372 Week 2 Individual Fundamentals of Macroeconomics Paper
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Answer 1

ECO 372 Week 2 Individual Fundamentals of Macroeconomics Paper
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Resource: Figure 3-1 in Ch. 3 of Macroeconomics.

Part 1

Describe the following terms in your word.

· Gross domestic product (GDP)

· Real GDP

· Nominal GDP

· Unemployment rate

· Inflation rate

· Interest rate

Part 2

Consider the following examples of economic activities:

· Purchasing of groceries

· Massive layoff of employees

· Decrease in taxes

Describe how each of these activities affects government, households, and businesses. Describe the flow of resources from one entity to another for each activity.

Write a 700- to 1,500-word paper summarizing the results.

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Question 2

ECO 372 Week 5 Summary
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Answer 2

ECO 372 Week 5 Summary
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Question 3

ECO 372 Week 5 Learning Team Fiscal Policy Paper
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Answer 3

ECO 372 Week 5 Learning Team Fiscal Policy Paper
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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

· The United State’s financial reputation on an international level

· A domestic automotive manufacturing (exporter)

· An Italian clothing company (importer)

· GDP

Write a 750- to 1,050-word paper summarizing the results.

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Question 4

ECO 372 Week 5 Individual International Trade and Finance Speech
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Answer 4

ECO 372 Week 5 Individual International Trade and Finance Speech
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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 to the following questions and cite external research to further justify your facts:

· What happens when there is a surplus of imports brought into the U.S.? Cite a specific example of a product with an import surplus, and the impact that has on the U.S. businesses and consumers involved.

· What are the effects of international trade to GDP, domestic markets and university students?

· How do government choices in regards to tariffs and quotas affect international relations and trade?

· What are foreign exchange rates? How are they determined?

· Why doesn’t the U.S. simply restrict all goods coming in from China? Why can’t the U.S. just minimize the amount of imports coming in from all other countries?

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Question 5

ECO 372 Week 5 DQ 2
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Answer 5

ECO 372 Week 5 DQ 2
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Who benefits from a tariff or quota? Who loses? Why would domestic markets benefit from protectionist trade policies? How do protectionist trade policies affect a government’s wealth and fiscal policy?

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Question 6

ECO 372 Week 5 DQ 1
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Answer 6

ECO 372 Week 5 DQ 1
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Why are trade agreements important for the various countries involved? How is international trade related to the U.S. standard of living as opposed to the standard of living of a small industrial nation or a developing nation? How does international trade affect a country’s standard of living? What impact does it have on the way Americans live life, spend, consume, and so on?

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Question 7

ECO 372 Week 4 Summary
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Answer 7

ECO 372 Week 4 Summary
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Question 8

ECO 372 Week 4 Learning Team Weekly Reflection
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Answer 8

ECO 372 Week 4 Learning Team Weekly Reflection
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Discuss this week’s 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.

Prepare a 350- to 1,050- word paper detailing the findings of your discussion.

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Question 9

ECO 372 Week 4 Individual Federal Reserve Presentation
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Answer 9

ECO 372 Week 4 Individual Federal Reserve Presentation
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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:

· What are the factors that would influence the Federal Reserve in adjusting the discount rate?

· How does the discount rate affect the decisions of banks in setting their specific interest rates?

· How does monetary policy aim to avoid inflation?

· How does monetary policy control the money supply?

· How does a stimulus program (through the money multiplier) affect the money supply?

Currently, what indictors are evident that there is too much or too little money within the economy? How is monetary policy aiming to adjust

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Question 10

ECO 372 Week 4 DQ 3
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Answer 10

ECO 372 Week 4 DQ 3
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How does a government budget deficit affect the economy? Identify two periods in recent history in which the United States has run budget deficits. What were the reasons for the deficits during those time periods?

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Question 11

ECO 372 Week 4 DQ 2
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Answer 11

ECO 372 Week 4 DQ 2
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How does a government budget surplus affect the U.S. economy? Identify two periods in recent history in which the United States has run budget surpluses. What were the reasons for the surpluses during those time periods?

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Question 12

ECO 372 Week 4 DQ 1
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Answer 12

ECO 372 Week 4 DQ 1
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What are the positive and negative aspects of budget deficits and surpluses? What policy is best for today’s economy? Explain your answer.

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Question 13

ECO 372 Week 3 Summary
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Answer 13

ECO 372 Week 3 Summary
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Question 14

ECO 372 Week 3 Learning Team Weekly Reflection
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Answer 14

ECO 372 Week 3 Learning Team Weekly Reflection
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Discuss this week’s 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.

Write a 350- to 1,050- word paper detailing the findings of your discussion.

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Question 15

ECO 372 Week 3 Learning Team Aggregate Demand and Supply Models
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Answer 15

ECO 372 Week 3 Learning Team Aggregate Demand and Supply Models
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For this assignment, you will choose from the following options:

· Option 1: Economic Advisement Paper

· Option 2: Economic Critique

Read the Aggregate Demand and Supply Models located on the student website and select one option to complete the assignment.

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Question 16

ECO 372 Week 3 DQ 4
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Answer 16

ECO 372 Week 3 DQ 4
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What are the uses of money? How do commercial banks and Federal banks create money? Is monetary policy conducted independently in the United States? Explain your answer. Is it important for monetary policy to remain independent from all parties? Why or why not?

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Question 17

ECO 372 Week 3 DQ 3
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Answer 17

ECO 372 Week 3 DQ 3
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What is the difference between contractionary and expansionary monetary policy? What is the intention of each policy under a depression, recession, or robust economy? Which type of monetary policy is more appropriate today and why?

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Question 18

ECO 372 Week 3 DQ 2
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Answer 18

ECO 372 Week 3 DQ 2
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What new measures and tools has the Federal Reserve employed in the past several years that have not been employed in the past 2 decades? How do you evaluate the change in the approach? Is this sustainable and appropriate in the medium term?

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Question 19

ECO 372 Week 3 DQ 1
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Answer 19

ECO 372 Week 3 DQ 1
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What happens to the money supply, interest rates, and the economy if the Federal Reserve is a net seller of government bonds? What happens to the money supply, interest rates, and the economy if the Federal Reserve is a net buyer of government bonds. Why would the government implement a stimulus program into the economy?

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Question 20

ECO 372 Week 2 Summary
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Answer 20

ECO 372 Week 2 Summary
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Question 21

ECO 372 Week 2 Learning Team Weekly Reflection – Economic Forecasting Paper
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Answer 21

ECO 372 Week 2 Learning Team Weekly Reflection – Economic Forecasting Paper
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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 week’s 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.

Write a 350- to 1,050-word paper that details your team’s findings.

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Question 22

ECO 372 Week 2 DQ 4
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Answer 22

ECO 372 Week 2 DQ 4
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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?

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Question 23

ECO 372 Week 2 DQ 3
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Answer 23

ECO 372 Week 2 DQ 3
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Recessions seem to show up every so often and create economic hardship. One might think that macroeconomic policymakers could tame the business cycle and implement policies that would end recessions. Are recessions a necessary fact of macroeconomic life? If not, what would it take to eliminate them? If they are unavoidable, what types of business can benefit from them? How would a recession affect your firm?

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Question 24

ECO 372 Week 2 DQ 2
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Answer 24

ECO 372 Week 2 DQ 2
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What is the economy’s current stage in the business cycle? Support your answer with an article written within the last week from the popular press or blog. In light of the text readings, evaluate the article and the source of the article. Based on the information, determine where the economy fits in the business cycle.

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Question 25

ECO 372 Week 2 DQ 1
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Answer 25

ECO 372 Week 2 DQ 1
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Explain the viewpoints of classical and Keynesian economists. How did the economy that existed at the time of these theories influence them? Which theory is more appropriate for the economy today? Why?

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Question 26

ECO 372 Week 1 Summary
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Answer 26

ECO 372 Week 1 Summary
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Question 27

ECO 372 Week 1 DQ 5
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Answer 27

ECO 372 Week 1 DQ 5
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a) The circular-flow model is a model of the macro-economy. What three sectors are represented in the circular-flow model of a domestic economy? Provide real-world examples of specific entities that belong to each of these sectors and how you are related to those entities.
b) Which two markets are shown in the circular-flow model?
c) The circular-flow model includes two circles made-up of arrows. These circles flow in opposite directions. What do these circles represent?

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Question 28

ECO 372 Week 1 DQ 4
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Answer 28

ECO 372 Week 1 DQ 4
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What are the different types of unemployment? How do they affect the economy in terms of growth, labor force, and price of labor?

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Question 29

ECO 372 Week 1 DQ 3
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Answer 29

ECO 372 Week 1 DQ 3
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Identify economic factors that affect the real GDP, the unemployment rate, the inflation rate, and a key interest rate. How do you predict the economy will perform in the next two years given the current state of two of the economic factors you identified? How might your organization be affected by these changes?

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Question 30

ECO 372 Week 1 DQ 2
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Answer 30

ECO 372 Week 1 DQ 2
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What is the difference between real and nominal GDP? Does GDP accurately reflect the nation’s welfare? Why or why not? How can data on a country’s GDP be used to make a political argument? In your opinion, how much does this happen in the public arena? Please explain your answer.

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Question 31

ECO 372 Week 1 DQ 1
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Answer 31

ECO 372 Week 1 DQ 1
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Using the Bureau of Labor Statistics, the Federal Reserve Bank of St. Louis, or other reputable source, select a key economic indicator that has not been discussed by another student. Discuss how the indicator was created and its current value. What does this key indicator say about the current economic condition?

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Question 32

ECO 372 Final Exam Guide
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Answer 32

ECO 372 Final Exam Guide
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1. the largest source of household income is in the U.S. is obtained
   a. stock dividends
   b. wages and salaries
   c. interest earnings
   d. rental income

2 the market where business sell goods and services to households and the government is called

a. goods market
b. factor market
c. capital market
d. money market

3. real gross domestic product is best defined as
   a. the market value of intermediate goods and services produced in an economy including exports
   b. all goods and services produced in an economy, stated in prices in a given year and multiplied by quantity
   c. the market value of all final goods and services produced in an economy stated in the prices of a given year
   d. the market value of goods and services produced in an economy stated in current year prices
4. underemployment includes
   a. who work off the books to avoid paying taxes
   b. who are working part time or not using all their skills at a fulltime job
   c. who are tired of looking for a job soo they quit looking but still want one
   d. whose skills are not in demand anymore

5.the bureau of economic analysis is responsible for whicj of the following

a. setting interest rates
b. managing the money supply
c. calculating the US gross domestic product
d. paying unemployment benefits

6. the federal reserve provides which of the following data
   a. federal funds rate
   b. stock price of GE
   c. bond yields of corporation
   d. debt to GDP of Ireland
7. Consider if the government instituted a 10% income tax surcharge. In terms of the AS/AD model this change should have
   a. shifted the AD curve to the left
   b. shifted the AD curve to the right
   c. made the AD curve flatter
   d. made the AD curve steeper
8. if the depreciation of a country’s currency increases it aggregate expenditures by 20, the AD curve will
   a. shift right by more than 20
   b. shift right by less than 20
   c. shift right by exactly 20
   d. not shift at all
9. Aggregate demand management policies are designed most directly to
   a. minimize unemployment
   b. minimize inflation
   c. control the aggregate level of spending in the economy
   d. prevent budget deficits or surpluses
10. suppose that consumer spending is expected to decrease in the near future. If output is at potential output, which of the following policies is most appropriate according to the AS/AD model
    a. an increase in government spending
    b. an increase in taxes
    c. a reduction in government spending
    d. no change in taxes or government spending.
11. According to Keynes, market economies

A. never experience significant declines in aggregate demand
B. quickly recover after they experience a significant decline in aggregate demand
C. may recover slowly after they experience a significant decline in aggregate demand
D. are constantly experiencing significant declines in aggregate demand

12) The laissez-faire policy prescription to eliminate unemployment was to

A. eliminate labor unions and government policies that hold real wages too high
B. strengthen unions and government regulations protecting unions and workers
C. increase real wages so that people are encouraged to work
D. have government guarantee jobs for everyone

13) In the AS/AD model, an expansionary monetary policy has the greatest effect on the price level when it

A. increases both nominal and real income
B. increases real income but not nominal income
C. increases nominal income but not real income
D. doesn’t increase real or nominal income

14) The Federal funds rate

A. is always slightly higher than the discount rate
B. can never be close to zero
C. may sometimes have to be targeted at zero
D. is an intermediate target

15) What tool of monetary policy will the Federal Reserve use to increase the federal funds rate from 1% to 1.25%?

A. Open-market operations
B. The discount rate
C. A change in reserve requirements
D. Margin requirements

16) If the Federal Reserve increases the required reserves, financial institutions will likely lend out

A. more than before, increasing the money supply
B. less than before, decreasing the money supply
C. more than before, decreasing the money supply
D. less than before, increasing the money supply

17) Suppose the money multiplier in the U.S. is 3. Suppose further that if the Federal Reserve changes the discount rate by 1 percentage point, banks change their reserves by 300. To increase the money supply by 2700 the Federal Reserve should

A. reduce the discount rate by 3 percentage points
B. reduce the discount rate by 10 percentage points
C. raise the discount rate by 3 percentage points
D. raise the discount rate by 10 percentage points

18) If the Federal Reserve reduced its reserve requirement from 6.5 percent to 5 percent. This policy would most likely

A. increase both the money multiplier and the money supply
B. increase the money multiplier but decrease the money supply
C. decrease the money multiplier but increase the money supply
D. decrease both the money multiplier and the money supply

19) A country can have a trade deficit as long as it can

A. purchase foreign assets
B. make loans to other countries
C. borrow from or sell assets to foreigners
D. produce more than it consumes.

20) A weaker dollar

A. raises inflation and contracts the economy.
B. reduces inflation and contracts the economy
C. raises inflation and expands the economy
D. reduces inflation and expands the economy

21.In the short run, a trade deficit allows more consumption, but in the long run, a trade deficit is a problem because

A. the country eventually will consume more and produce less
B. the country eventually will sell all its financial assets to foreigners
C. the domestic currency will appreciate
D the country eventually has to produce more than it consumes in order to pay foreigners their profits

22) Considering an economy with a current trade deficit and considering only the direct effect on income, an expansionary monetary policy tends to

A decrease the exchange rate and increase the trade deficit
B increase the exchange rate and increase the trade deficit
C decrease the exchange rate and decrease the trade deficit
D increase the exchange rate and decrease the trade deficit

23) The balance of trade measures the

A difference between the value of imports and exports
B share of U.S. imports coming from various regions of the world
C share of U.S. exports going to various regions of the world
D exchange rate needed to make imports equal exports

24) When a country runs a trade deficit, it does so by:

A borrowing from foreign countries or selling assets to them.
B borrowing from foreign countries or buying assets from them.
C lending to foreign countries or selling assets to them.
D lending to foreign countries or buying assets from them.

25) Expansionary fiscal policy tends to

A raise U.S. income, increase U.S. imports, and increase the trade deficit
B. raise U.S. income, increase U.S. imports, and lower the trade deficit
C. lower U.S. income, reduce U.S. imports, and increase the trade deficit
D lower U.S. income, reduce U.S. imports, and lower the trade deficit

26) In considering the net effect of expansionary fiscal policy on the trade deficit, the

A income effect offsets the price effect B price effect offsets the income effect C income and price effects work in the same direction, so the trade deficit is decreased D income and price effects work in the same direction, so the trade deficit is increased

27) If U.S. interest rates fall relative to Japanese interest rates and Japanese inflation falls relative to U.S. inflation, then the

A dollar will lose value in terms of yen B dollar will gain value in terms of yen C dollar’s value will not change in terms of yen D change in the dollar’s value cannot be determined

28) Expansionary monetary policy tends to

A lower the U.S. interest rate and increase the U.S. exchange rate B lower the U.S. interest rate and decrease the U.S. exchange rate C increase the U.S. interest rate and decrease the U.S. exchange rate D increase the U.S. interest rate and increase the U.S. exchange rate

29) The U.S. has limits on Chinese textile imports. Such limits are an example of

A a tariff B a quota C a regulatory trade restriction D an embargo

30) Duties imposed by the U.S. government on imported Chinese frozen and canned shrimp are an example of

A tariffs B quotas C voluntary restrictions D regulatory trade restrictions

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Question 33

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Answer 33

ECO 372 Complete Class
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