Web-Based Questions

1. Web-Based Question: Three economic goals-are they being achieved? Three major economic goals are economic growth (rises in real GDP), full employment (less than 5 percent unemployment), and price-level stability (less than 2 percent inflation as measured by the consumer price index, or CPI). The White House statistical website, www.whitehouse.gov/fsbr/esbr.html, provides links to economic information produced by a number of federal agencies. Visit the seperate links for Employment, Output, and Prices to assess whether the United States is currently meeting each of these three goals.



2. Web-Based Question: Normative economics-Republicans versus Democrats Visit both the Republicans’ www.rnc.org/ and the Democrats’ www.democrats.org/ websites. Identify an economic issue that both parties address, and compare and contrast their views on that issue. Generally speaking, how much of the disagreement is based on normative economics compared with positive economics? Give an example of loaded terminology from each site.