2008 - Size and Growth: Gross Domestic Product Employment:...

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1/28/07 >Govt. Control; >Taxes; >Social Programs; >Income Parity; Slower Growth? ------------ Planned - Communism -----Socialism------Capitalism-- Free Market ------------- <Govt. Control; <Taxes; <Social Services; >Income Disparity; Higher Growth? Perfect Competition Many Sellers Standardized Products Many Consumers Example – Baking Potatoes. Monopoly One Seller Many consumers. Monopolistic Competition Many Sellers Selling Differentiated Products To Various Consumer Groups Measuring a Nation’s Economic Performance
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Unformatted text preview: Size and Growth: Gross Domestic Product Employment: Unemployment rate Price Stability: Consumer Price Index (CPI); Also PPI Economic Indicators Leading Indicators New Unemployment claims Average Weekly Manufacturing Hours Building Permits Leading Index Consume Confidence Index Government and Macroeconomic Management Monetary Policy Responsibility of Federal Reserve Controls Reserve Requirements, Interest Rates Contractionary Both Higher Expansionary Both Lower...
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This note was uploaded on 05/14/2008 for the course BUS 10 taught by Professor Brien during the Fall '08 term at Foothill College.

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2008 - Size and Growth: Gross Domestic Product Employment:...

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