The Short-Run and Long-Run Relationship Between Unemployment and Inflation Principles of Macroeconomics ECO203 Instructor Christopher Newcomb Introduction The two most critical macroeconomic issues are unemployment and inflation. The history of macroeconomics teaches us about the Phillips curve and how many countries also saw a short-run negative impact between unemployment and wages. This paper will be […]
The Measure of Economic Health ECO203 Principles of Macroeconomics Introduction Within this paper, I will discuss the importance of GDP and examine the shortcomings of GDP in measuring a country’s economic health. I will be exploring the GDP’s use in evaluating the business cycle and what factors would affect the business cycle. Lastly, I will
THE EDUCATION AND INCOME INEQUALITY FINAL PAPER 1 The Education and Income Inequality Final Paper ECO 203 Principles of Macroeconomics The United States economy is important to the world’s economy because of its size. Creating a system of quantifying data and setting measurements is currently used to detect the health of the market. Gross domestic