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Essay / Research Paper Abstract
This 3-page paper discusses where the fictitious Big Drive Auto could obtain macroeconomic figures, and allow for potential variability. Bibliography lists 2 sources.
Page Count:
3 pages (~225 words per page)
File: AS43_MTbigecono.rtf
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Unformatted sample text from the term paper:
background on this company (that its an auto dealership that also provide service, parts and auxiliary products, such as engine oil). The student has two questions to ask on this
topic; first, how reliable forecasts of macroeconomic variables would be obtained, and how, in planning would Big Auto (or any company, for that matter), deal with uncertainty in economic forecasts.
First, the question about reliable forecasts. The Federal Reserve has a variety of economic forecasts on a macro level that it introduces
regularly. Another location that typically has decent research on a macroeconomic level is the National Bureau of Economic Research, also known as NBER. For example, one recent piece of information
released by NBER involved the origins of the financial crisis, and the forecast, on a macro level, for what will happen in the near- to long-term (Frankel, 2009).
The reason why NBER could be considered a reliable source is because its program directors and researchers are regularly on top of information
and understand the macroeconomic trends that are going on. As a result, theyre able to predict, with a fair degree of certainty, what is likely to happen on a macroeconomic
basis. The student could probably introduce the concept of why, exactly, its important for Big Drive Auto to have a good understanding
of whats going on in the macroeconomic world. Basically, macroeconomics deals with money, and the movement of money on a national, or international, scale. If there is a lot of
money in the economy, there is a chance of inflation (i.e., too much money chasing too few goods), though there would be plenty of capital investment. For Big Drive Auto,
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