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 1-5 & 24-37, and information from the Council of Economic Advisors (CEA), Bureau of Labor Statistics (BLS) 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, low inflation and debt reduction opportunities.
You must refer to at least 15 Key terms and concepts from Chapters 1-5 &24-37 in your research paper; 6 pages = Minimum requirement for all submissions.
Book used is ECO 201 Principles of Macroeconomics
