The main objective of this exercise is to get students thinking analytically and creatively about the two edged nature of many economic phenomena so as to present a balanced perspective based on economics principles, theories and concepts. This assignment involves analyzing several indicators of the macroeconomic conditions in an economy, such as GDP, unemployment, CPI, and other indicators such as interest rates, income, inventory levels, wage rates, consumer confidence, etc.

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The main objective of this exercise is to get students thinking analytically and creatively about the two edged nature of many economic phenomena so as to present a balanced perspective based on economics principles, theories and concepts. This assignment involves analyzing several indicators of the macroeconomic conditions in an economy, such as GDP, unemployment, CPI, and other indicators such as interest rates, income, inventory levels, wage rates, consumer confidence, etc. Analyze these indicators and prepare a 3 4 page report explaining the expected short impact on firms in terms of product sales and operating costs. Support your conclusions with concrete data from your source(s). Data: Go to the web site of the Bureau of Labor Statistics at http://www.bls.gov/ and the Bureau of Economic Analysis (National Economic Accounts) at http://www.bea.gov/national/ or any other data source and collect the most recent 6 months of data on real GDP growth, inflation, and unemployment, etc. Analysis: Based on data, analyze where the economy currently is in the business cycle and the implications for two Monopolistically Competitive / Monopoly/Oligopoly firms in terms of prospects for higher sales and labor costs. Industries: choose two firms from these industries: Consumer Retail, Health Care, Information Technology, Industrial, Manufacture. The two firms you choose should belong to two different industries Format and References: The write up must be done in the APA format, double spaced, font size 12, Times New Roman. Also, all references must be carefully cited in the APA format

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