Forecasting the Economy to Make Decisions

  • Read Chapter 15 of Macroeconomics: Private and Public Choice. Reference book: Gwartney, J. D., Stroup, R. L., Sobel, R. S., & Macpherson, D. A. (2018). Macroeconomics: Private and public choice (16th ed.). Cengage

What helps economists forecast the economy? Imagine you are presenting the index of the leading indicators concept to a small group of newly hired analysts. In a minimum of 200 words,

  • Discuss the index of the leading indicators.
  • Is the Phillips curve a helpful predictor? Why or why not?
  • As a business person, how could you use this predictive macroeconomic information to help make business decisions? (Give specific examples.)

Again, your initial response should be a minimum of 200 words.

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