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Your organization's CEO is concerned that members of the strategic planning committee are not familiar with current economic thought and principles. The CEO has assigned you the task of developing an 875-word report to introduce some of these thoughts and principles.
Explain the following information in your report to members of the strategic planning committee:
How economists are both scientists and policymakers and what principles society uses to allocate its scarce resources
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How the economy coordinates society's independent economic actors
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How the consumer price index (CPI) is constructed and why it is an imperfect measurement of the cost of living
Format consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.
Answer both parts of the question:
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