Use historical data (going back 5-7 years) on both the Bureau of Labor Statistics (BLS) and Bureau of Economic Analysis (BEA) websites to evaluate the current state of the U.S. economy. What role is current monetary and/or fiscal policy playing in ensuring that the economy remains healthy?
Learning Objective: Student will use the indicators of economic health (GDP, employment and price stability) along with Aggregate Demand/Aggregate Supply model (Keynesian) to apply economic concepts and models to evaluate the effect on the U.S. economy of recent events as evidenced by the article given. Students will also
References for the paper (Citation: APA format) should include the following:
1 Schwartz, N. D. (2015, Oct 30). Consumer spending and housing prop up U.S. economy. New York Times Retrieved from http://ezproxy.bellevuecollege.edu/login?url=http://search.proquest.com/docview/1728175573?accountid=35840 (Links to an external site.)
Optional
“The Upshot” Is the Economy really in Trouble? A debate. A copy of the article is included
http://www.nytimes.com/2015/11/01/upshot/is-the-economy-really-in-trouble.html (Links to an external site.)
Article link her Preview the document View in a new window
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Your textbook (ch. 6-14)
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Primary data sources for the U.S. relating to GDP, unemployment, inflation and productivity to support your analysis of the current U.S. economic situation.
Below are some useful links for primary data statistics.
Bureau of Labor Statistic (employment) (Links to an external site.)
Historical Data on Unemployment (Links to an external site.)
Bureau of Economic Analysis (real GDP) (Links to an external site.)
Historical Data on Real GDP (Links to an external site.)
Bureau of Labor Statistics (BLS) Prices (Links to an external site.)
AND
a current article of your choice that helps support your analysis of current policy position with regards to U.S. macroeconomic goals(from last 30 days)
Length: 5-6 word processed pages (double spaced, 12pt font).
Prompt:
Use historical data (going back 5-7 years) on both the Bureau of Labor Statistics (BLS) and Bureau of Economic Analysis (BEA) websites to evaluate the current state of the U.S. economy. What role is current monetary and/or fiscal policy playing in ensuring that the economy remains healthy?
Instructions
Answers to the following should be word-processed (entire paper should be approximately 5-6 pages ).
Please review school policy on plagiarism and review handout “Avoiding Plagiarism…” by the BCC writing lab. Cite all sources
There will be a late penalty of a letter grade per day. If your paper is late (after 11:59pm on the due date), there is penalty of a portion of a letter grade (ie: B- to C+)
This is an individual exam. Group work or collaboration on this paper will result in an automatic failure (0 for this paper). You may not ask me direct questions related to your paper but general clarifications are fine.
Documentation should be in APA style. See http://bellevuecollege.edu/writinglab/APA.html (Links to an external site.) for the correct way to cite in your essay.