Problem:
This is the first component that discusses the decision-making process of monetary policy and analyzes how a particular recommended policy will affect the U.S. economy.
In this Part, you will collect data and information about the current economy and submit a short background report in a document in three to five pages.
Tasks:
Using legitimate business publications and governmental Web sites, research the answers to the following questions:
1. What is the current average national income?
2. What is the current unemployment rate?
3. What is the current inflation rate?
4. What factors affect each of these economic variables?