Outlook of the Economy
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Based on the following economic indicators, I have to determine the outlook of this fictitious economy. Although I know what these indicators mean, I am not certain that I can predict the outlook of the economy. Can you help?
Average Weekly Unemployment Claims: 403,000 Declining
Manufacturer's New Orders: 520,999 Increasing
NEA Private Housing Starts: 1,649 Declining
S & P 500 Stock Market Index: 879.5 Declining
Consumer Expectations Index: 94.5 Declining
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Solution Summary
This solution shows how to determine the outlook of a given, fictitious economy.
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Average Weekly Unemployment Claims: 403,000 Declining
It means that unemployment is reducing which is an indictaor that economy is recovering.
Manufacturer's New Orders: 520,999 ...
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