ECO 372 Week 2 Product Purchases and the Economy | eBooks | Education

ECO 372 Week 2 Product Purchases and the Economy

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ECO 372 Week 2 Product Purchases and the Economy

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ECO 372 Week 2 Product Purchases and the Economy

 

Write a APA conforming 1,050- to 1,400-word paper in which you address the following:

• Select a product in which the demand for the product is clearly affected by the strength or weakness of the overall economy in one of these categories: Real Estate, Transportation, or Travel.

• Identify and define two economic indicators that reflect the strength of the economy (e.g. real GDP, unemployment rate, inflation rate, interest rate, and/or housing starts).

 

 

 

  • With these economic indicators in mind, how has the economy affected the demand for and supply of your selected product over the last 2 years? (Provide specific data and sources to confirm your notions)

     

    • Explain the impact on the price of the product and your decision on whether or not to buy the product.

    • Include responses to the following:

    • How might you apply what you learned about supply and demand to your work place or your understanding of the       product you are considering purchasing?

    • How do the concepts of macroeconomics help you understand the factors that affect shifts in supply and demand         on the price of the product?

    Cite a minimum of three peer-reviewed sources not including your textbook. Click the Assignment Files tab to submit your assignment.

    SupportingMaterial:Week 1 Khan Academy VideosProduct Purchases and the Economy Grading Guide

 

 

ECO 372 Week 2 Product Purchases and the Economy https://uoptutorialstore.com/category/eco-372/ ECO 372 Week 2 Product Purchases and the Economy Write a APA conforming 1,050- to 1,400-word paper in which you address the following: • Selec
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