ECON312 Homework Week 6

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ECON312 Homework Week 6
What is the “current macroeconomic situation” in the U.S. (e.g. is the U.S. economy…

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ECON312 Homework Week 6

ECON312 Homework Week 6

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Question: What is the “current macroeconomic situation” in the U.S. (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.)? What fiscal policies and monetary policies would be appropriate at this time?

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Based on the recent report of Bureau of Economic Analysis (BEA), US’ GDP declined slightly in the first quarter of 2015 by 0.7 percent, compared to its fourth quarter growth in 2014 of 2.2 percent.  The decline is attributed to: (a) goods exports, specifically capital…