{"id":210719,"date":"2018-09-14T12:50:56","date_gmt":"2018-09-14T12:50:56","guid":{"rendered":"http:\/\/localhost\/wordpress\/index.php\/2018\/09\/14\/eco-372-week-2-individual-assignment-product-purchases-and-the-economy\/"},"modified":"2018-10-24T08:41:25","modified_gmt":"2018-10-24T08:41:25","slug":"eco-372-week-2-individual-assignment-product-purchases-and-the-economy","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/eco-372-week-2-individual-assignment-product-purchases-and-the-economy\/","title":{"rendered":"ECO 372 Week 2 Individual Assignment Product Purchases and the Economy"},"content":{"rendered":"<p>You&#8217;ve\u00a0been\u00a0debating\u00a0on\u00a0making\u00a0a\u00a0purchase\u00a0for\u00a0yourself.\u00a0\u00a0This\u00a0is\u00a0a\u00a0product\u00a0you&#8217;ve\u00a0wanted\u00a0for\u00a0a\u00a0while,\u00a0but\u00a0one\u00a0that\u00a0requires\u00a0budgeting\u00a0because\u00a0you\u00a0will\u00a0be\u00a0making\u00a0monthly\u00a0payments.\u00a0\tSelect\u00a0a\u00a0product\u00a0in\u00a0which\u00a0the\u00a0demand\u00a0for\u00a0the\u00a0product\u00a0is\u00a0clearly\u00a0affected\u00a0by\u00a0the\u00a0strength\u00a0or\u00a0weakness\u00a0of\u00a0the\u00a0overall\u00a0economy\u00a0such\u00a0as\u00a0new\u00a0homes,\u00a0cars,\u00a0appliances,\u00a0smart\u00a0phones,\u00a0etc.\tWrite\u00a0a\u00a01,050-\u00a0to\u00a01,400-word\u00a0paper\u00a0in\u00a0which\u00a0you\u00a0address\u00a0the\u00a0following:\u00a0\t\u00b7\u00a0Identify\u00a0and\u00a0define\u00a0two\u00a0economic\u00a0indicators\u00a0that\u00a0reflect\u00a0the\u00a0strength\u00a0of\u00a0the\u00a0economy\u00a0(e.g.\u00a0real\u00a0GDP,\u00a0unemployment\u00a0rate,\u00a0inflation\u00a0rate,\u00a0interest\u00a0rate,\u00a0housing\u00a0starts,\u00a0etc.).\t\u00b7\u00a0With\u00a0these\u00a0economic\u00a0indicators\u00a0in\u00a0mind,\u00a0how\u00a0has\u00a0the\u00a0economy\u00a0affected\u00a0the\u00a0demand\u00a0for\u00a0and\u00a0supply\u00a0of\u00a0your\u00a0selected\u00a0product\u00a0over\u00a0the\u00a0last\u00a02\u00a0years?\t\u00b7\u00a0What\u00a0was\u00a0the\u00a0impact\u00a0on\u00a0the\u00a0supply\u00a0of\u00a0the\u00a0product\u00a0and\u00a0the\u00a0impact\u00a0on\u00a0the\u00a0demand\u00a0for\u00a0the\u00a0product?\t\u00b7\u00a0Explain\u00a0the\u00a0impact\u00a0on\u00a0the\u00a0price\u00a0of\u00a0the\u00a0product\u00a0and\u00a0your\u00a0decision\u00a0on\u00a0whether\u00a0or\u00a0not\u00a0to\u00a0buy\u00a0the\u00a0product.\u00a0\t\u00b7\u00a0Include\u00a0responses\u00a0to\u00a0the\u00a0following:\u00a0\to\u00a0How\u00a0might\u00a0you\u00a0apply\u00a0what\u00a0you\u00a0learned\u00a0about\u00a0supply\u00a0and\u00a0demand\u00a0to\u00a0your\u00a0work\u00a0place\u00a0or\u00a0your\u00a0understanding\u00a0of\u00a0the\u00a0product\u00a0you\u00a0are\u00a0considering\u00a0purchasing?\to\u00a0How\u00a0do\u00a0the\u00a0concepts\u00a0of\u00a0macroeconomics\u00a0help\u00a0you\u00a0understand\u00a0the\u00a0factors\u00a0that\u00a0affect\u00a0shifts\u00a0in\u00a0supply\u00a0and\u00a0demand\u00a0on\u00a0the\u00a0price\u00a0of\u00a0the\u00a0product?\u00a0\tCite\u00a0a\u00a0minimum\u00a0of\u00a0three\u00a0peer-reviewed\u00a0sources\u00a0not\u00a0including\u00a0your\u00a0textbook.\u00a0\tClick\u00a0the\u00a0Assignment\u00a0Files\u00a0tab\u00a0to\u00a0submit\u00a0your\u00a0assignment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>You&#8217;ve\u00a0been\u00a0debating\u00a0on\u00a0making\u00a0a\u00a0purchase\u00a0for\u00a0yourself.\u00a0\u00a0This\u00a0is\u00a0a\u00a0product\u00a0you&#8217;ve\u00a0wanted\u00a0for\u00a0a\u00a0while,\u00a0but\u00a0one\u00a0that\u00a0requires\u00a0budgeting\u00a0because\u00a0you\u00a0will\u00a0be\u00a0making\u00a0monthly\u00a0payments.\u00a0 Select\u00a0a\u00a0product\u00a0in\u00a0which\u00a0the\u00a0demand\u00a0for\u00a0the\u00a0product\u00a0is\u00a0clearly\u00a0affected\u00a0by\u00a0the\u00a0strength\u00a0or\u00a0weakness\u00a0of\u00a0the\u00a0overall\u00a0economy\u00a0such\u00a0as\u00a0new\u00a0homes,\u00a0cars,\u00a0appliances,\u00a0smart\u00a0phones,\u00a0etc. Write\u00a0a\u00a01,050-\u00a0to\u00a01,400-word\u00a0paper\u00a0in\u00a0which\u00a0you\u00a0address\u00a0the\u00a0following:\u00a0 \u00b7\u00a0Identify\u00a0and\u00a0define\u00a0two\u00a0economic\u00a0indicators\u00a0that\u00a0reflect\u00a0the\u00a0strength\u00a0of\u00a0the\u00a0economy\u00a0(e.g.\u00a0real\u00a0GDP,\u00a0unemployment\u00a0rate,\u00a0inflation\u00a0rate,\u00a0interest\u00a0rate,\u00a0housing\u00a0starts,\u00a0etc.). \u00b7\u00a0With\u00a0these\u00a0economic\u00a0indicators\u00a0in\u00a0mind,\u00a0how\u00a0has\u00a0the\u00a0economy\u00a0affected\u00a0the\u00a0demand\u00a0for\u00a0and\u00a0supply\u00a0of\u00a0your\u00a0selected\u00a0product\u00a0over\u00a0the\u00a0last\u00a02\u00a0years? 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