Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The purpose of this assignment is to help you to better understand a series of macroeconomic variables. These concepts will sink in if you actively

The purpose of this assignment is to help you to better understand a series of macroeconomic variables. These concepts will sink in if you actively explore the current value, the meaning of the current value, and the trend for a given macroeconomic variable. You can only learn so much by hearing me talk about it or reading about it in the textbook or in the class material. It is time to explore and enhance your personal understanding of these variables. The estimated time commitment is 4-6 hours. Then (and only then), go to YCharts and look up the historical trend of these metrics. In Y-Charts, type the name of the indicator in the search bar. Start with "US" for each American indicator. You typically want the MoM (month-over-month) version of the metric. For example, If you are looking for the monthly retail sales, then you need to type "US Retail and Food Services Sales MoM" in the search bar. If you just type "US Retail" then you should be able to find this one very easily in the pulldown menu that pops up. For each variable, you should look at the 10-year graph and discuss the trend that you see

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics

Authors: Paul Krugman, Robin Wells

4th Edition

1464143870, 9781464143878

More Books

Students also viewed these Economics questions

Question

Imagine you remain in the job listed under point

Answered: 1 week ago

Question

4. What means will you use to achieve these values?

Answered: 1 week ago