AB 224 Macroeconomics Unit 5 Journal According to the textbook, the changes in the macroeconomic indicators affect the economic decisions of the 3 economic agents (household, firms, and government). Assume you are a business owner (manager). How do you use macroeconomic indicators in your business plan and strategy? Why are the indicators relevant for business decision making process? How do they affect business profit?

The three types of economic indicators are leading, lagging and coincident. Leading indicators attempt to predict future events.Lagging indicators represent information that has happened in the past and Coincident economic indicators usually are calculated at the same time the economic event occurs, (Vitez, 2017). As a business owner and manager, I could use all...