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Essay / Research Paper Abstract
An 8 page paper discussing considerations that must be made in arriving at economic forecasts. Some of these items are overall macroeconomic conditions; trends in movement of business; political climate; consumer attitude and other factors. Bibliography lists 6 sources.
Page Count:
8 pages (~225 words per page)
File: CC6_KSeconFore2.rtf
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Unformatted sample text from the term paper:
period of economic expansion known in modern times, the US economy is experiencing a decline that some are saying is a recession. Others are not as quick to use
the dreaded "R" word, and point to strong performance in several sectors. The pre-attack fallout of the technology sector, particularly in high-tech, Internet-related
companies, set investors on their collective ear. Few expected such a correction in market value of these companies, and the losses incurred in returns has been more than only
disheartening for organizations and investors alike. Historical Basis That there should be a correction in
the market and a slowdown in the economy should not come as a surprise to any, but the fact always is surprising when it does finally appear. Some economists
were even being so daring as to pronounce the business cycle dead, even though economists of all people should know better. MITs Paul Samuelson did the same in 1969;
by 1973 the US and the entire developed world were in a deep recession that raised fears of depression. Recent changes in the
economy point to the fact that the business cycle is very much alive and operable. Another fact of the business cycle that has been invoked in the current slowdown
is the fact that the longer the period between market corrections, the greater and more painful the inevitable correction will be. One factor
operational in the current slowdown that has not been a feature of former ones is the accessibility of the stock market to individual investors.
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