Any economists out there.. i need some help!!?
okay i have a short paper due in a few hours and i am supposed to write a brief forecast for consumers for 2007.. i have to explain how prices are going to be changing and why i predict they will... i was hoping someone could give me a good website to use or some CORRECT information to help me out because i am having a hard time finding any good information... thanks!!!
Answer:
why not check on 2005 and 2006 and then bring that into 2007. The economy has been doing very well and sales are good, almost full employment (they say), and so far inflation has been kept at bay. Yeah, look up inflation predictions for 2007 on the search engine. You should not have put this off to the last few hours because you might have to "compile" the data you get, and you can't copy directly from a website. Btw, there's lots of info on the net about 2007...just put "2007 economy" or "2007 currency" into the search engine.
Ok, I hardly do that, but normally prices goes up and never come down, what would drive prices up? shortages right say oil for example, what would happen if the USA wage war on Iran (BUSH MIGHT) the world demand on oil will increase (Speculation) and anything that is oil driven. i.e transportatation the variable cost will increase and the total cost increases too, so what will happen is a GENERAL PRICE INCREASE and that is inflation. Demand pull inflation. you can write books about this.
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Answer:
why not check on 2005 and 2006 and then bring that into 2007. The economy has been doing very well and sales are good, almost full employment (they say), and so far inflation has been kept at bay. Yeah, look up inflation predictions for 2007 on the search engine. You should not have put this off to the last few hours because you might have to "compile" the data you get, and you can't copy directly from a website. Btw, there's lots of info on the net about 2007...just put "2007 economy" or "2007 currency" into the search engine.
Ok, I hardly do that, but normally prices goes up and never come down, what would drive prices up? shortages right say oil for example, what would happen if the USA wage war on Iran (BUSH MIGHT) the world demand on oil will increase (Speculation) and anything that is oil driven. i.e transportatation the variable cost will increase and the total cost increases too, so what will happen is a GENERAL PRICE INCREASE and that is inflation. Demand pull inflation. you can write books about this.
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