On the Current Macroeconomic Situation

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Essay #: 069589
Total text length is 11,412 characters (approximately 7.9 pages).

Excerpts from the Paper

The beginning:
On the Current Macroeconomic Situation
This paper considers the current macroeconomic situation in the United States and provides suggestions regarding what the Federal Reserve and Congress should do about it.
1. What is the current macroeconomic situation in the US?
According to DeLong, the current economic situation includes: a long-lasting economic slowdown and persistent high unemployment, with no sign that it will recovery anytime soon ADDIN ZOTERO_ITEM {"citationID":"5uuq6viln","citationItems":[{"suppress-author":true,"uri":["http://zotero.org/users/10790/items/GQIGPT9C"]}]} (2011).
Economic slowdown.
Testifying before the Subcommittee on Domestic Monetary Policy and Technology on February 9, 2011, Bivens stated that the collapse of...
The end:
.....lity with Both Hands. Retrieved June 8, 2011, from http://delong.typepad.com/sdj/2011/05/the-economic-outlook-as-of-may-2011-yes-this-is-called-the-dismal-science-why-do-you-ask.html
Rufer, A. (2011, May 29). GOP’s Budget Proposal, Part II | U.S. Election News. Retrieved June 9, 2011, from http://uselectionnews.org/gops-budget-proposal-part-ii/853849/
Taxpayers United of America. (2011, June 6). Misguided “War on Drugs” Has Cost Taxpayers $1 Trillion | Taxpayers United of America. Retrieved June 9, 2011, from http://www.taxpayersunitedofamerica.org/news-releases/misguided-%E2%80%9Cwar-on-drugs%E2%80%9D-has-cost-taxpayers-1-trillion
Weidner, J., & Williams, J. C. (2011). What is the new normal unemployment rate? FRBSF Economic Letter, 5.