Define consumer price index, economic growth, and the business cycle.

Module 5: Consumer Price Index, Economic Growth, Unemployment, and the Business Cycle. (Written Assignment) Now is the time to delve deeper into a chosen country and identify key macroeconomic concepts that affect domestic growth and consumer welfare. Locate a recent article or event (published within the last year) that highlights your selected macroeconomic topic. Use the Hunt Library, newspapers, new stations, or other credible sources to discuss how your topic aligns with macroeconomics. Include the following in your document. • State the article or event selected. • Define consumer price index, economic growth, and the business cycle. • Calculate your chosen country’s consumer price index using price levels from 2018 to 2020. • Compute your chosen country’s unemployment rate. Identify factors that are affecting your chosen country’s unemployment rate and explain. What type of unemployment has the greatest impact on your chosen country? Why? • Interpret your chosen country’s economic growth from 2018 to the first quarter of 2021. • Determine your chosen country’s business cycle phase and explain how you arrived at your answer. • Analyze your findings.

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