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Assess the current state of the American Economy in terms of the business cycle

Prepare a typed double-spaced report/paper that meets the requirements discussed below. EARN UP TO 2.5 POINTS TOWARDS YOUR FINAL GRADE.

Deadline: 11PM, February 29, ’12.

Requirements:

Assess the current state of the American Economy in terms of the business cycle (peak, expansion, recession, trough) and the Aggregate Expenditures Model . Justify your assessment based on current GDP, unemployment, consumption, and investment data provided by the Bureau of Economic Analysis (BEA); or other sources that you choose to utilize.

Include in your discussion the Key Terms and Concepts of Chapters 24-33 (and any other chapter we have covered), an/or information from the Council of Economic Advisors (CEA) or BEA (Bureau of Economic Analysis) web sites to articulate your assessment and recommendations.

Provide appropriate Obama Administration and Federal Reserve Bd. fiscal and/or monetary policy recommendations that should be followed to ensure American Economic growth, full-employment GDP, and low inflation/price stability . Include specific recommendations to lower the unemployment rate from 8.3% to the full employment unemployment rate

Evaluation Criteria:

You must refer to at least 12 Key terms and concepts from Chapters 24-33 in your research paper; 6 pages = Minimum requirement for all submissions.

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