DeVry ECON 312 Week 4 Assignment
Question # 1) What is the difference between a slowdown in economic growth and a recession? (7 points)
Question # 2) What are the three primary measures used in macroeconomics to assess the performance of an economy?
Question # 3) How does inflation affect people’s standards of living and savings? (7 points)
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Question # 4) Define GDP and its characteristics. (7 points)
Question # 5) Why is GDP a monetary measure? (7 points)