1.In a short paragraph, name 2 reasons why business cycles may fluctuate. What would happen to a business cycle/the economy if consumer expectation of the economy were poor? Explain.

2.In a short paragraph, list 3 different indicators that economists use to measure economic performance. Do you think that economists measuring economic performance are doing a good or bad thing? Explain why?

3.In a short paragraph, define inflation. Then, explain an effect of inflation on the US economy. Based on this effect, explain why inflation is a good or a bad thing for the economy.

4.In a short paragraph, define the term outsourcing. Explain why outsourcing can lead to unemployment in the American civilian labor force. Explain why you think outsourcing is a good or bad thing?