ECO/372 Week 2 Fundamentals of Macroeconomics Paper

Write a 700- to 1,400-word paper summarizing the results.

Consider the following examples of economic activities:

• Purchasing of groceries
• Massive layoff of employees
• Decrease in taxes

Describe how each of these activities affects government, households, and businesses. Describe the flow of resources from one entity to another for each activity. Relate at least one current event to the activities.