Barbosa_ECO400_Final

Barbosa_ECO400_Final - Wesley Barbosa Final ECO400 CSU...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Wesley Barbosa Final ECO400 CSU Global The article that will be discussed is Revised growth figures, A Deeper hole, The recession was even worse than anyone thought. This article talks about the extreme depth of the recession that we are in and explains why it is worse than most people thought. The article shows the Commerce department’s latest GDP figures as well as revisions to data that go back as far as 2007 to support their claims that the recession is worse than previously believed. People face tradeoffs every day, respond to incentives and society faces a short-run trade- off between inflation and unemployment. These are economic principles that influences people
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
to make decisions and effects how people interact and helps explain how the economy works as a whole. These principles are all related to this article. To get something you want, you have to give up something else you want. Scarce resources. Think of allocating your time or money. Societies face a tradeoff between more consumer goods and more public goods. Since governments can borrow, there is a tradeoff between consumption for current and future generations. The article shows that the current
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 02/05/2012 for the course ART, HCM, 300 taught by Professor Smith during the Spring '11 term at CSU Pueblo.

Page1 / 4

Barbosa_ECO400_Final - Wesley Barbosa Final ECO400 CSU...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online