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Discussion 1: 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 300 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 300 words.
Discussion 2: 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? Your initial response should be a minimum of 300 words.
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"Think of a major problem from your own life (or someone else's) that involved the discovery of one or more hidden assumptions.
A researcher interested in the detection of light performs an experiment using a low intensity stimulus. She collects 100 trials. Only 50 trials actually presented a light stimulus. The researcher observes 23 hits and 22 false alarms. What is the cor..
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