Week 4 Individual Assignment - MEASURING ECONOMIC HEALTH 1...

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MEASURING ECONOMIC HEALTH 1 1. Running head: MEASURING ECONOMIC HEALTH 2. 3. 4. 5. 6. 7. 8. 9. 10. Measuring Economic Health 11. Krystal Harson 12. April 1, 2010 13. ECO/212 14. James Kirk 15. University of Phoenix
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MEASURING ECONOMIC HEALTH 2 16. memo 17. To: Financial Department 18. From: Krystal Harson 19. Re: Measuring Economic Health 20. Measuring Economic Health 21. Economic health can be measured by examining the Gross Domestic Product and the Business Cycle. Fiscal policy determines the direction of the economy by controlling production and employment rates within the economy. 22. Gross Domestic Product to Measure the Business Cycle 23. Gross Domestic Product can be used to measure the business cycle in a very simple manner. If the Gross Domestic Product starts to rise then the business cycle in going through a period of inflation, on the other hand if the Gross Domestic Product starts to fall, than the business cycle is going through a period of deflation (Mankiw, 2007).
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