Aggregate Demand and Supply

ECO/372

There are many economic factors that can be used to evaluate the state of the economy at any given time. Some of the factors that would be useful to critique the American economy now would be unemployment, expectations, consumer income, and interest rates. In this paper those four factors will be used to both describe and evaluate the economy of the United States.

The unemployment rate is the number in the civilian labor force divided by the number of unemployed. However, to be counted in the unemployment rate a person must be without a job and actively looking for work in the last four weeks. For those who have given up on finding employment are not counted in this figure. There is argument on this figure...