 |
Economics 14/e McConnell | |||||
|---|---|---|---|---|---|---|
| Online
Learning Center
|
 |
|||||
|
Economics 14/e McConnell | |||||
|---|---|---|---|---|---|---|
| Online
Learning Center
|
|
|||||
Chapter 12 Web-Based Questions
12-16 Web-based Question
Latest Economic Indicators—How Goes the Economy? The U.S. Census Bureau http://www.census.gov/econ/www/ constantly tracks the latest economic indicators. Check last month’s Economic Indicator Calendar for current indicator values. Assign a 11 to those economic indicators which point to an expansion a 21 for those indicating contraction or 0 if indeterminate or neutral. Sum these values for a crude forecast. How goes the economy?
12-17 Web-based Question
The Federal Budget—What Is the Role of Fiscal Policy in the Budgetary Process? Each year the President through the Office of Management and Budget http://www.whitehouse.gov/WH/ EOP/OMB/html/ombhome.html sends his proposed budget to Congress. However the House of Representatives http://www.house.gov/ budget/welcome.htm and the Senate http://www.senate.gov/~budget/have their own opinions about what the budget should be. Using these links trace the steps of the Federal budget process from the initial executive proposal to final presidential signature. What role does fiscal policy play in this process? What are the major policy disagreements relating to the current budget?
