Template for Paper: APA format, no minimum or maximum pages/words. Follow the rubric and include all required elements
Introduction
Give a brief introduction to the nation
Underline your focus point.
2 Discuss the business cycle position
What is the current business cycle position?
(Is the economy in recession or recovery?)
Look at the historical perspective of business cycle activity. How does the current situation compare? ( 10-25 years)
Identify the primary cause and important secondary impacts of the nation’s current business cycle position?
Include historical Graph and Statistical data
3. Discuss the unemployment situation
Identify the most recent unemployment rate
What types of unemployment is the economy experiencing now?
What is the primary cause of the unemployment position and identify any important secondary effects.
Give the historical perspective of unemployment in the nation
Include historical graph and Statistical data
4. Discuss the inflation situation
Identify the most recent inflation rate
What type of inflation is the economy experiencing now?
What is the primary cause of the current inflation situation and any important secondary impacts.
Give the historical perspective of inflation in the nation
Include historical Graph and Statistical data
5. Select a current or COVID related problem that the nation faces
What fiscal policy is the nation using to address this problem?
Indicate whether or not this policy was effective – explain and use specific quotes from outside sources to support your point of view.
How will this policy impact the business cycle position of the nation – improve it or make it worse
5. Conclusion
Will the nation return to Potential output in the near future and will the problem identified in #5 be remedied.
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