What helps economists forecast the economy

What helps economists forecast the economy

What helps economists forecast the economy? Imagine you are presenting the index of the leading indicators concept to a small group of newly hired analysts. Discuss the index of the leading indicators. Is the Phillips curve a helpful predictor? Why or why not?

Prior to beginning work on this discussion, Read Chapter 15 of Macroeconomics: Private and Public Choice.

What helps economists forecast the economy? Imagine you are presenting the index of the leading indicators concept to a small group of newly hired analysts. In a minimum of 200 words, ·       Discuss the index of the leading indicators. ·       Is the Phillips curve a helpful predictor? Why or why not? ·       As a business person, how could you use this predictive macroeconomic information to help make business decisions? (Give specific examples.) Again, your initial response should be a minimum of 200 words.   Discussion 2 Prior to beginning work on this discussion, ·       Read Chapter 17 of Macroeconomics: Private and Public Choice. From the tables presented in Chapter 17, what did you find most striking or unusual in the given income levels and growth rates of the different countries? Are rich countries getting richer while the poor are getting poorer? Has the United States become more or less economically free and how might this impact the future growth of the US? How does political decision-making impact the economy?

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