ZOOM + Case Study #2- Read the scenario and use the information below to answer the questions. You're 23 years old and about to graduate from college with a construction management degree. You never paid much attention to the economy but now you want to learn more since you're looking to start your career. You read the following article and decide to underline words and phrases that are examples of macroeconomics and circle words and phrases that are examples of microeconomics. WASHINGTON (AP) Dec. 17, 2019 - Construction of new homes rose again in November while applications for building permits rose to the highest level in 12 years... Housing has been on a rebound over the past several months, helped by the Federal Reserve which cut [the interest rate] three times this year in the face of a slowdown in global growth and uncertainties from President Donald Trump's trade policies.... Economists are forecasting that the rebound in housing will continue, helping to support economic growth next year although there are still concerns that housing is being held back by constraints such as a lack of available land in many areas and a shortage of construction workers. The National Association of Home Builders reported that the rise in builder confidence reflected the decline in mortgage rates, a low supply of existing homes and a strong labor market with rising wages and the lowest unemployment rate in a half century. The report on housing starts showed that home building increased the most in the South, a gain of 10.3%, followed by a 1.4% rise in the West. Home building fell a sharp 15.3% in the Midwest. 1. How is the overall economy doing? What are some key words or phrases that support your answer? 2. Given only this information, do you think it will be relatively easy or relatively difficult for you to find a job? Explain your reasoning. 3. Your older brother graduated college during a recession. Do you think it will be harder or easier for you to find a job than it was for your brother? Explain. 4. Explain why your job prospects depend heavily on where you live in the country. 5. Your twin sister is graduating with a degree in art history. Do you think she will have an easier or harder time finding a job than you and why? 6. What other markets might be affected by what is happening in the housing market