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ECO 102 WEEK 3 DISCUSSION
Discussion 1
“Unemployment”
Please respond to the following:
a) Discuss why some unemployment may not necessarily be a bad thing. Provide specific examples to support your response.
b) Use the Internet to research unemployment rates in your community (Northern Virginia), discuss the type and rate of unemployment in your community and how it impacts the local economy. Provide specific examples to support your response.
Discussion 2
“Inflation”
Please respond to the following:
a) Discuss how inflation impacts the economy. Provide specific examples to support your response.
b) Visit the Federal Reserve Bank of St. Louis’ Website devoted to international economic trends, located at http://www.stlouisfed.org/publications/iet/, to determine how the U.S. inflation rate compares with rates in other industrial countries and then discuss how the current rate of inflation in the U.S. compares with those in the other industrial countries you researched. Why do you think these differences exist?
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