U.S. MACROECONOMIC TRENDS AND POLICIES
Macroeconomic Status
The major recession that began in the United States in 2007 has drastically changed the landscape of the American economy, both in present times and for the future. Several major indices can be analyzed to determine the nature of this change, and there are many policy avenues in place through which the government can act to control its future course. By examining the current macroeconomic trends in the U.S., we can determine the likely economic scenario that we face in the future, and by understanding the fiscal and monetary policy tools at the government's disposal, we can determine the best method for manipulating those trends for a better outcome.
One macroeconomic trend that has been particularly troubling for economists and politicians during this recession is the civil unemployment rate. According to the Federal Reserve Bank of St. Louis Economic Data (FRED) site, the unemployment rate in the United States doubled between early 2008 to late 2009, from 4.5% to 10.1%. While the early 1980s did see a higher overall unemployment rate, at no point since the end of the Great Depression has unemployment risen as drastically and as quickly as it did from 2008 to 2009. Since its high of 10.1% in October of 2009, the civil unemployment rate has been trending downward very slowly, reaching a low of 8.8% in March of 2011 before rising slightly again over the summer of 2011 (FRED).
The data trend of the Real Gross...
Since 1970, the economic growth in U.S. had increased in real terms at a rate of 3.16% per annum, up to 2001, when the American economy registered a slow down period and the economic growth amounted 1.7%. Since 2003, the growth rate averaged 4.62% per annum. Currently, the economic growth is heavily influenced by fiscal relaxation policy that led to increased investments and economic growth level. The average return
Macroeconomic Situation in the U.S.: Corrective Fiscal and Monetary Policy December 2007 marked the onset of the Great recession, which ended in mid-2009 but left the U.S. economy struggling through the damage wrought by its severity. Federal policy has gone a long way in the prevention of an occurrence of another recession, but growth remains too sluggish and inadequate for the full-health restoration of the economy. Vigorous and sustained fiscal
To increase effective demand, Keynesians believe the government must balance the economy with deficit and increase expenditure. However, the constant alternation between booms and recession is causing the booms to get shorter while the recessions become longer. This phenomenon is the result of empirical evidence that indicates that in the end, the interest rates decrease. However, this situation creates a problem of capitalism as the rich increase their wealth while
If the Fed is more concerned with the core CPI, then rates are unlikely to be raised this year. An increase in rates would slow the economy down. However, if total CPI increases at a faster rate, this could force the Fed to raise rates slightly. On the whole, however, the data does not support DESA's pessimism about the state of the American economy. The Federal Reserve is currently using
Americans receive two to three weeks of paid vacation per year, while Europeans receive between 5 and 7 weeks. In addition, the U.S. has generally 8 paid holidays per year; the comparable figure for Europe is 12 to 18 days (holidays such as Easter and Christmas, plus national days and even the Queen's Birthday in the Netherlands). As a result, Americans average only 10.2 vacation days per year (Zuckerman).
Foreign Policy of China (Beijing consensus) Structure of Chinese Foreign Policy The "Chinese Model" of Investment The "Beijing Consensus" as a Competing Framework Operational Views The U.S.-China (Beijing consensus) Trade Agreement and Beijing Consensus Trading with the Enemy Act Export Control Act. Mutual Defense Assistance Control Act Category B Category C The 1974 Trade Act. The Operational Consequences of Chinese Foreign Policy The World Views and China (Beijing consensus) Expatriates The Managerial Practices Self Sufficiency of China (Beijing consensus) China and western world: A comparison The China (Beijing
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now