Portfolio Artifacts Part 3

Portfolio Artifacts Part 3

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  • Artifact #13
  • GDP is the Gross Domestic Product, this is the total value of the goods and services produced inside American borders and includes the foreign products.
  • Wow... Macroeconomics is so cool! It is the branch that looks at the ups and down in the economy. 
  • GNP is the Gross National Product, this is the total value of the goods and services that American citizens produce within the borders and overseas.  
  • Artifact #14
  • Hmm... What's the fiscal policy again? Oh yeah it's when the government uses government spending or taxes (or lack thereof) to stabilize the economy. 
  • During a recession they use an Expansionary Policy to raise the economy again and during inflation they use a Contractionary policy to lower the economy. 
  • Artifact #13 Con't
  • There are also six economic indicators that are looked at. These are: Business cycle (GDP), Unemployment rate, Inflation rate, Durable goods orders, Housing starts and the Index of leading economic indicators. 
  • Of these six the three that are the biggest are: Business cycle (GDP), Unemployment rate and Inflation rate. 
  • Artifact #14 Con't
  • Now, what are monetary policies? These are policies put in place by the Federal Reserve (Fed) to make sure that there is the correct amount of money in the money supply. 
  • During a recession they use an easy money / expansionary policy to bring the money supply up and during inflation they use a tight money / contractionary policy to lower the money supply.
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