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ECO 203 Week 2 Discussion 1, The Current State of the Economy and Unemployment

Identify which part of the business cycle is part of a decline in aggregate demand.  Gross Domestic Product (GDP) measures the amount of new production. A change in the amount of new production affects employment.  Describe what would happen to GDP, the unemployment rate and the inflation rate if there is a decline in aggregate demand.

ECO 203 Week 2 Discussion 2, Who Benefits and Who Loses from Inflation

Inflation is an important policy issue because it causes a redistribution of income and wealth, and discourages saving and investment.  Discuss how inflation affects borrowers and lenders, asset prices, and households on fixed incomes.

ECO 203 Week 2 Quiz (10 Questions and Answers)