econ paper

Econ paper - News items in macroeconomics Running Head News items in macroeconomics News items in macroeconomics Macroeconomics deals with factors

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News items in macroeconomics Running Head : News items in macroeconomics News items in macroeconomics Macroeconomics deals with factors that affect the whole industry as a whole and therefore there are various news items arising from different events that affect macroeconomics. Mankiw (2010) states that these news items from political, economic and institutional events allow us to evaluate macroeconomics variables and to provide information for potential investors. These following items that affect the economy have been recently reported in the media: increase in prices of consumer goods, increases in prices of gas, increased inflation, purchases of stocks and bonds. These items have been reported in the media because they affect an integral part of the economy and economists have to explain them and come up with suggestions and recommendations on how to reduce their effects on the economy Increase in Price of consumer goods in the economy has been recently reported by the media. Prices of commodities always change from time to time due to changes in the economy like increase in the costs of raw materials. Economists have noted that most prices increase due to increase in costs of manufacturing and increase in costs of raw materials. The media has however reported that some increases in price have occurred due to increase in demand of the commodities. Mankiw (2010) states that some prices changes occur as a result of economic factors for example high inflation and poor economy while others occur due to changes in the
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This note was uploaded on 02/12/2011 for the course ECON 102 taught by Professor Ashby during the Fall '10 term at Syracuse.

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Econ paper - News items in macroeconomics Running Head News items in macroeconomics News items in macroeconomics Macroeconomics deals with factors

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