In a brief Word document, comparing contrast, free market, capitalism to socialism. There has not been one historic case of socialism working in any country in the world. Socialism always leads to some form of command, economy, or variation on communism in which very few people, typically led by a dictator or oligarchy control all of the means of production, supply and income.

Free market, capitalism, or mix the colonies, as we have had here in the United States, for most of our history, have led to the greatest inputs to the world at large, including income, jobs, creation, and opportunities for freedom. In socialist or communist, run countries, the means of production, forced work mandates and ownership control always significantly lie with the government. We only need to look at country, such as Cuba, China, Russia, and North Korea for these examples.

Note that the philosophy and theories presented about socialism and communism oversell the shared benefits to all, which is a reality that is never attained. Typically, we find that under socialism or communism, there are limited employment, opportunities, typically very high inflation, devaluation of a country’s currency, and overall economic freedoms, as well as other personal freedoms are extremely limited.

For this assignment conduct research using at least two sources outside of course materials to offer a 3 to 4 paragraph comparison of capitalism or free market, economies, and socialism/ communism. Submit your assignment as a word document or a PDF file. Use APA style to list your references at the end of your document. Not more than 10% of your submission should be content that is paraphrase or directly quoted from your sources used. Additionally, any submission that is AI generated will receive a zero grade.

• Explain how gross domestic product is calculated using the income approach and the expenditure approach.
• Compare the classical economic theory that was used prior to the Great Depression to the Keynesian theory used after the Great Depression.

Your response must be at least 200 words in length.

No references or citations are required, but if any are used, they must be cited and referenced in APA Style.

1. Select a research topic on an economic issue. .
2. Research your topic using at least three sources.
3. Write a Research Paper with a Body length of 2-3 pages using APA style (title page, abstract, and references are not part of the body).
4. Double-space your Research Paper.
5. Include a Title Page, an Abstract with keywords, a Body, and References.
6. In the Body of your Research Paper, begin with an Introductory Paragraph and end with a Concluding Paragraph.
7. Your paper will be checked for plagiarism using SafeAssign. Plagiarized papers, whether intentional or simply due to ignorance, will receive a total grade of zero. Read the following information on the .

The essay must be 3 pages, MLA format, explaining the concept of Modern Monetary Theory.

ECO 202 Project Guidelines and Rubric

Competencies

In this project, you will demonstrate your mastery of the following competencies:

• Analyze macroeconomic indicators of the economy to inform economic decisions
• Determine the economic impact of historical and current events using models of macroeconomics
• Assess how changes to macroeconomic policies impact the economy

Scenario

You have just completed your seven-year term as the chief economic policy advisor for Econland (the nation you have been helping to manage). Now, you are expected to write a report for the new administration. In this report, you will summarize the macroeconomic indicators that informed the policy decisions you made and explain the economic outcomes for Econland. The purpose of this report is to share the lessons youve learned over your term and promote sound macroeconomic decision making moving forward.

First, assemble the materials that you will need to complete this assignment:

1. Access the Macroeconomics Simulation: Econland from Harvard Business Publishing and select either the Rollercoaster or Stagnationscenario. Once you have completed the final year of your seven-year term, view the final reports under the Dashboard and Reports tabs at the top of the webpage. You will use these charts, graphs, and other visualizations from your report in the indicated areas of the template (for example, Table 1). Contact your instructor if you have any questions about accessing these resources.
2. Review and use the Project Template document located in the What to Submit section.

• Your report’s cover page, Table of Contents, and “Introduction” section should remain standard in all submissions except where indicated in the template. Read the brief “Introduction” section, which describes the purpose and structure of the deliverable, and add the high-level descriptions where prompted.
• There are placeholders in the template for your data visualizations (for example, charts, graphs, and tables). They provide a rough approximation of where the visualizations should be placed. Replace these placeholders with the appropriate images in each case. To create an isolated image from the simulation data, use a snipping tool or other image-editing software to copy and paste your data visualizations into the template. See the tutorials in the Supporting Materials section for more information.
• Reference any source material in your report with appropriate citations. A references page has been added to the project template with the citation for the textbook. Any additional references should also be cited according to APA format.

Directions

Once you have assembled the required materials listed above, draft your economic analysis report by completing the following steps:

1. The first section of your report is the introduction. Add information related to your term as the chief economic policy advisor for the nation of Econland. Follow the instructions in the template, including adding Table 3 from your simulation report to the indicated area of the template (Table 1). Then, add a two- to three-sentence summary of your scenario and your overall performance and approval rating.
2. Taxation Policies: In the “Fiscal Policies: Taxation” section of your report, discuss the taxation policies of Econland for the public and your successor. Add an image of Table 1 from your simulation report to the indicated area of the template (Table 2). Then, address the following in the paragraphs below the table:
3. Explain the macroeconomic indicators that affected your policy decisions over your 7-year term. What were the macroeconomic indicators that influenced your decision making?
4. Identify the impact of your changes to the income and corporate tax rates. How were consumption and investment affected by your tax-policy decisions? Explain these dynamics using specific macroeconomic principles from the course reading.
5. Compare and contrast the impact of your tax policy decisions with those of current or historical examples in the United States. What do these examples demonstrate about the validity of macroeconomic models? Be sure to cite your research appropriately. (See the Supporting Materials section for assistance with APA style.)
6. Government Spending: In your report’s “Fiscal Policies: Government Expenditure” section, discuss Econland’s government spending policies for the public and your successor. Add an image of the Real GDP Growth and Unemployment Rate graphs from your simulation results and use an aggregate demand and aggregate supply (AD/AS) model to the indicated area of the template (Figures 1 and 2). Images of the AD/AS model can be found in the course textbook or any reputable online source. Then, address the following in the paragraphs below the figures:
7. A. Explain the macroeconomic indicators that affected your decision-making regarding government expenditure and how it changed based on the macroeconomic indicators. What was the intent of your fiscal policy decisions in response to the given economic climate?
8. Evaluate your fiscal policy decisions, including how they impacted key macroeconomic factors such as real GDP growth and unemployment. To what extent did your policies yield positive or negative outcomes?
9. Refer to the AD/AS model to support your analysis in this section of your report.
10. Monetary Policies: In the “Monetary Policies” section of your report, discuss the monetary policies of Econland for the public and your successor. Add an image of the Inflation Rate graph from your simulation report to the indicated area of the template (Figure 3). Then, address the following in the paragraphs below the figure:
11. Explain how you changed the interest rate levels and how these changes impacted other macroeconomic indicators such as inflation, consumption, investments, GDP, and foreign trade. Provide specific examples to help illustrate.
12. Compare and contrast the impact of your monetary policies with those of current or historical examples in the United States. What do these examples demonstrate about the validity of macroeconomic models? Be sure to cite your research appropriately. (See the Supporting Materials section for assistance with APA style.)
13. Global Context: In the “Global Context: section of your report, expand your discussion to consider the wider global context. Analyze the impacts of openness to trade in general. Why and how are the impacts of monetary and fiscal policies different in a closed economy versus an open economy? Support your claims with specific details from the course reading.
14. Conclusions: In the “Conclusions” section of your report, draw your overall conclusions about the relevance and significance of macroeconomics for the public and your successor.
15. Assess the effectiveness of your economic policy decisions. Did your economic policy decisions produce the anticipated results? Did your macroeconomic principles and models behave how you expected? Provide specific examples to illustrate.
16. Evaluate how consumer confidence might have impacted the outcomes of your policy decisions for the economy of Econland. Why is consumer confidence a relevant factor for making informed macroeconomic decisions?
17. Cite your sources according to APA format.

What to Submit

To complete this project, you must submit the following:

Economic Summary Report:

Use this template to create and submit your economic summary report for grading. It should outline the key principles and takeaways of your Econland simulation for your successor. Sources should be cited according to APA style.

I need a commentary that will discuss all the macroeconomic topics mentioned in the article with reference to this article: I will send you an example in direct messages

Purpose

This project is designed to ensure that students are familiar with the methodology of collecting and analyzing data from the web. The project focuses on comparing standards of living and economic policies across different countries through GDP analysis and economic freedom indices. Students will collect required data, create tables and graphs to present information, and write analytical reports providing clear insights and interpretations rather than merely presenting data.

Associated Skills

• Data collection and analysis from web-based databases
• Cross-country economic comparison and analysis
• Application of macroeconomic concepts to real-world data
• Professional business writing and presentation
• Critical evaluation of economic policies and their impacts
• Research and citation of credible economic sources

Instructions

This project consists of two main parts and is based on course learning resources from

Unit 1 :

The example of calculations for Part 1 of this Project is in Unit 1 Learning Resource titled Measuring Domestic Output and National Income > Scroll all the way to the end to Check Your Knowledge: GDP in Different Countries (Unit 1).

Unit 6 : ,

Unit 7

Project Requirements

1. Textbook and Learning Resources as a Reference: Students must use the assigned textbook and leaning resources in Unit 1, 6, and 7 as a primary reference for their analysis. This ensures a strong theoretical foundation and context for the data being analyzed.
2. Current Data and References: All data used must be the most recent available data. Students must include references from recent news articles, journals, or other credible sources to support their analysis. This requirement aligns with the expectation to use up-to-date Bureau of Labor Statistics (BLS), Bureau of Economic Analysis (BEA), and World Development Indicators database data.
3. Focus on Analysis While charts and graphs are necessary to present data visually, the focus should be on explaining the significance of the data.
4. Elimination of First-Person Language: Students must avoid using the first person in their papers. Instead, reflections and analyses should be restated in the third person. This enhances objectivity and professionalism in academic writing.

Part 1: GDP in Different Countries (43 % of the project grade)

Collect and present the required data (19% of the project grade)

• Go to World Development Indicators database: Click on World Development Indicators
• Click on World Development Indicators
• Select 12 countries for your project by checking the check boxes under Country, including USA, China, and Finland
• Select the two data series GDP (current US$) and Population (Total) under Series
• Select the most recent year under Time (use previous year if current year data not available)
• Choose Layout: “Page” for Time, “Column” for Series, “Row” for Country
• Click Apply Changes and retrieve data
• Retrieve data. You can now retrieve data by clicking on the options on the right upper side of the window. Clicking Table will allow you to see data. Click Download options and choose Data on this page only formatted. This option will allow you to download the data in Excel, which can then be copied into your report file. Or you can simply type the required data into the table below. Fill in the table below.

1. Calculate the per capita GDP as GDP/Population for the most recent available year. The example of calculations is in Unit 1 Learning Resource titled Measuring Domestic Output and National Income > Scroll all the way to the end to Check Your Knowledge: GDP in Different Countries.
2. Fill in the table below:

Country GDP Population Per Capita GDP 1 2 3 4 = 2/3

1. Present the data as Table #1 in your project.
2. Create Table #2: Change the order of the countries. List the countries by highest per capita GDP to lowest. Present this table in your project.
3. Write a report (2 pages or more double-spaced) in your own words about the results you received (24% of the project grade) . In this report consider, but do not be limited to the following:

• Does the order remain the same for total GDP as for per capita GDP? If not, explain why it is different?
• Choose two countries from your table other than the USA. Examine the factors that affect economic policies in these countries, including standard of living, unemployment, inflation, and trade balance
• Analyze the significance of data received and findings on economic policies in these two countries
• Include references from recent news articles, journals, or other credible sources to support analysis
• Reflection: Write a paragraph reflecting on what was learned from the assignment and how it could be applied in the workplace and/or everyday life

Part 2: Index of Economic Freedom (weight 43% of the assignment grade)

1. Log onto the Heritage Foundation’s website at
2. Collect and present the required data (19% of the project grade)
3. For this part, use the same countries from Part 1. Use the most recent available year.

• Log onto
• Click on “Explore the Data” on the navigation bar
• Choose the most recent available year, then choose each country to see all scores (To see these scores, you will need to scroll the table to the right using the scroll below the table).
• Alternative: Download the data in Excel file using “Download the Data” button
• Find the World Rank by clicking on the country name to go to the country’s page

1. Create the table below with the collected data:
2. Present the collected data as a table in your project.
3. Write a report in your own words (3 pages, double-spaced) containing analysis of the results (24% of the project grade). Your report should include:

• Compare the World Rank in economic freedom with the order of countries in per capita GDP from Part I.
• Compare the Overall Score of economic freedom and individual scores (tax burden, government spending, political freedom, fiscal health, monetary freedom, trade freedom, investment freedom) with the per capita GDP rankings from Table 2 in Part I.
• Choose 1-2 countries (other than the USA) to explore economic and political factors, fiscal policies, concerns over international trade, and international capital flows that affect these rankings and scores.
• Discuss the significance of the data and relevance of rankings.
• Include references from recent news articles, journals, or other credible sources to support analysis.
• Reflection: Write a paragraph reflecting on what was learned from the assignment and how it could be applied in the workplace and/or everyday life.

Skill Application (5% of Project Grade)

This project assesses your ability to apply essential economic thinking and policy analysis skills in the context of global data. You are expected to demonstrate proficiency in the following areas throughout your report and analysis:

• International Economics
• Economic Policy Interpretation
• Application of Macroeconomic Frameworks

Strong performance in this criterion reflects not only accurate use of these concepts, but also their integration into the analysis and reflections included in your report. Responses that move beyond basic definitions and use data meaningfully to explain global variation in economic policy will earn higher scores.

Submission Guidelines / Criteria for Success

Project Requirements

• Use assigned textbook and learning resources in Units 1, 6, and 7 as primary reference.
• All data must be the most recent available.
• Include references from recent news articles, journals, or credible sources.
• Focus on analysis rather than just data presentation.
• Eliminate first-person language; use third-person perspective.
• No more than 20% of text should be direct quotes.

Format Requirements

• Must be typed, double-spaced, in 12-point Times New Roman or Arial font with one-inch margins.
• Professional/business style title page required.
• Appropriate in-text citations and professional/business style reference list.
• Prepared using word processing software (Microsoft Word preferred).
• Submit Excel file if used for calculations or charts.
• Maximum two file attachments in .doc, .docx, .xls, .xlsx, or .rtf formats only.
• Other formats (hand-written, scanned, PDF, JPG, Google Drive files) will not be accepted.

Presentation of the Project (9% of project grade)

• Organization, format, and presentation including professional title page, introduction, body, and summary (3%).
• Use of tables, figures, and graphics with proper numbering (“Table 1”), substantive titles, and source references (3%).
• Use of assigned textbook, learning resources, recent sources, appropriate citations and reference list (3%).
• Begin each section with subheadings as described in the assignment.

CAPSTONE PROMPT: MACROECONOMIC PREDICTION

Overview

Students will be required to complete a macroeconomic prediction as part of a scenario-based approach to show mastery of course learning outcomes. The macroeconomic prediction will include two key assignment deliverables: a prediction draft paper (Capstone 1) and a summary presentation in (Capstone 2). Students will be supported with recommended resources for completing the macroeconomic prediction.

Faculty Advice

This capstone requires you to think like a professional economist analyzing real-world data and policy impacts. Focus on connecting theory to current eventsdon’t just describe what happened, but explain the economic reasoning behind trends and policy decisions. Use the recommended government and institutional sources extensively, as they provide the most reliable data for your analysis. Remember that your prediction should be grounded in economic principles, not just speculation. Pay particular attention to how fiscal and monetary policies interact, as this relationship is central to understanding macroeconomic outcomes.

Learning Outcomes

By completing this assignment, you will learn how to:

1. Explain the concepts of specialization, absolute advantage, and comparative advantage
2. Analyze the key macroeconomic indicators used to measure the performance of the aggregate economy including output, price level, and employment
3. Utilize the aggregate demand and aggregate supply model to explain the amount of goods/services produced, the level of unemployment, and price level
4. Define and analyze the cause and effect of inflation, including the concepts of demand-pull and cost-push inflation, anticipated and unanticipated inflation, and the meaning and effects of hyperinflation
5. Define money, banking, and monetary policy and explain their impact on the macroeconomy
6. Define fiscal policy, budget deficits, and the national debt and explain their impact on the macroeconomy
7. Explain monetary policies of the U.S. financial system, including the nature and functions of money and money supply; the features and functions of the Federal Reserve System; and the tools used by the Federal Reserve to control the money supply

AI Use-Case

Independent Work Requirement: You must complete this Capstone independently without using AI tools. The goal is for you to showcase your own understanding and skills without AI assistance. To do so, you are expected to generate and submit original work developed solely through your own reasoning and effort.

Core Requirements

• Length: 1,000-1,500 words (excluding cover and reference pages)
• Format: 12-point font, double-spaced, APA format
• Citations: All in-text citations and references should follow APA Style
• Sources: At least 4-6 scholarly references required
• Visual Elements: Must include charts, tables, and graphs from research
• Structure: Include outline or table of contents
• Cover Page: Include paper title, name, course number (ECON101), course name (Macroeconomics), institution (StraighterLine), and submission date

Scenario

As a seasoned veteran/investment analyst, you have been assigned management of wealth assets in a portfolio that invests in alternative energy ventures/projects. The division manager has requested a two-year macroeconomic prediction that considers the economic factors which would impact investments in alternative energy projects. The macroeconomic prediction should consider the passage of a combined investment exceeding $1 trillion over the next decade (2021 Infrastructure and Investment Act and 2022 Inflation Reduction Act). These recent examples of fiscal policy will support the economy mitigating and adapting the US economy to a more climate-resilient future.

Detailed Requirements

1. Economic Indicators Review

Instructions

1. Review and report the historical trends in at least two core economic performance indicators (Gross Domestic Product growth rate, inflation rate, the unemployment rate) between 2018 to present
2. Explain the reasons for changes/shifts in each indicator

Recommended Resources

• Gross Domestic Product Bureau of Economic Analysis:
• St. Louis Federal Reserve Bank GDP Growth Rate:
• Inflation Rate Bureau of Labor Statistics:
• St. Louis Federal Reserve Bank Inflation Rate:
• Unemployment Rate and Labor Market Bureau of Labor Statistics:
• St. Louis Federal Reserve Bank Unemployment Rate:
• The Conference Board US Consumer Confidence:

2. Fiscal Policy Review

Instructions

1. Review the 2021 Infrastructure and Investment Act (IIJA) and 2021 Inflation Reduction Act (IRA)including areas of allocation of spending and discuss the impacted sectors within the US economy
2. Discuss the potential gains for investment in alternative energy (EV, carbon emission reductions, etc.), leveraging the public sector investment with private sector ventures/projects likely to impact the retirement fund
3. Evaluate the benefits of Keynesian-based infrastructure investments on alternative energy investments returns

Recommended Resources

• How Did Fiscal Responses to the COVID-190 pandemic Affect the Federal Budget Outlook:
• Fiscal Policy and Excess Inflation During the COVID-19 Cross Country View:
• How Pandemic-Era Fiscal Policy Affects The Level of GDP (Brookings Institution):
• Inflation Reduction Act Summary (Tax Foundation):
• The Inflation Reduction Act: Here’s What’s In it (McKinsey & Company):
• Infrastructure Investment and Jobs Act (IIJA) Federal Infrastructure Hub (Brookings Institution):
• Infrastructure Investment and Jobs Act (IIJA) Macroeconomic Factors May Shape Local Strategies (Brookings Institution):
• Infrastructure Investment and Jobs Act (IIJA)/Bi-Partisan Infrastructure Law (McKinsey & Company):

3. Monetary Policy Review

Instructions

1. Review and report the monetary policy strategies implemented in response to the COVID-19 pandemic (review cycle 2020 to the present) representing a significant shift from expansionary monetary policy in March 2020 to contractionary monetary policy starting in early 2022 to combat 40-year highs in inflation
2. Evaluate and identify a cause-and-effect relationship between higher borrowing costs and the need to mitigate inflationary pressures using the Future of Inflation article summary from the International Monetary Fund () to provide an in-depth explanation of the factors contributing to the dramatic and unprecedented historical response to rising consumer prices
3. Analyze the effects of higher borrowing costs on the required rate-of-return on investments in the alternative energy ventures/projects

Recommended Resources

• What Did the Federal Reserve Do In Response To The COVID-19 Crisis:
• Post-Pandemic US Inflation : A Tale of Fiscal and Monetary Policy:
• What Caused The US Pandemic-Era Inflation (Brookings Institution):

4. Macroeconomic Prediction

Instructions

1. Provide a macroeconomic prediction of the at least two macroeconomic indicators (GDP growth rate, inflation rate, the unemployment rate) over the next two to three years based on information gained from macroeconomic profile of the US economy

Recommended Resources

• Congressional Budget Office Economic Outlook 2024-2034:
• Federal Reserve Board’s Monetary Policy Report to Congress Part III Summary of Economic Projections:

CAPSTONE RUBRIC: MACROECONOMIC PREDICTION

This rubric outlines how your macroeconomic prediction will be evaluated. Each criterion is assessed on a scale from Not Evident (0 points) to Exemplary (3 points). The total possible points for this assignment is 250.

CriteriaNot Evident

(0 Points)Needs Improvement

(1 Point)Proficient

(2 Points)Exemplary

(3 Points)Macroeconomic Prediction Economic Indicators Review

28%

Aligning with the macroeconomic prediction scenario, the student did not complete a review of core economic indicators (GDP growth rate, inflation rate, and unemployment rate, etc.) for the last 5 years utilizing the recommended sources. The economic indicator review should have been substantiated with economic reasoning, data reporting (charts/graphs generated from research), and critical/analytical thought.Aligning with the macroeconomic prediction scenario, the student failed to complete an adequate review of core economic indicators (GDP growth rate, inflation rate, and unemployment rate, etc.) for the last 5 years utilizing the recommended sources. The economic indicator review should have been substantiated with economic reasoning, data reporting (charts/graphs generated from research), and critical/analytical thought.Aligning with the macroeconomic prediction scenario, the student completed a partial review of core economic indicators (GDP growth rate, inflation rate, and unemployment rate, etc.) for the last 5 years utilizing the recommended sources. The economic indicator review should have been substantiated with economic reasoning, data reporting (charts/graphs generated from research), and critical/analytical thought.Aligning with the macroeconomic prediction scenario, the student completes a substantive review of core economic indicators (GDP growth rate, inflation rate, and unemployment rate, etc.) for the last 5 years utilizing the recommended sources. The economic indicator review is substantiated with economic reasoning, data reporting (charts/graphs generated from research), and critical/analytical thought.Macroeconomic Prediction Fiscal Policy Review

28%

Aligning with the macroeconomic prediction scenario, the student did not complete a review of recent fiscal policy initiatives investing in alternative energy and clearly identifies the impacts of leveraging public sector investment with private sector ventures. The review should have reported from recommended sources actual economic investments and connected the investments to the alternative energy retirement funds.Aligning with the macroeconomic prediction scenario, the student failed to complete a review of recent fiscal policy initiatives investing in alternative energy and clearly identifies the impacts of leveraging public sector investment with private sector ventures. The review should have reported from recommended sources actual economic investments and connected the investments to the alternative energy retirement funds.Aligning with the macroeconomic prediction scenario, the student completed a partial review of recent fiscal policy initiatives investing in alternative energy and clearly identifies the impacts of leveraging public sector investment with private sector ventures. The review should have reported from recommended sources actual economic investments and connected the investments to the alternative energy retirement funds.Aligning with the macroeconomic prediction scenario, the student completes a substantive review of recent fiscal policy initiatives investing in alternative energy and clearly identifies the impacts of leveraging public sector investment with private sector ventures.Macroeconomic Prediction Monetary Policy Review

28%

Aligning with the macroeconomic prediction scenario, the student did not complete a review of recent monetary policy responses. The review should have analyzed the effects of higher borrowing costs on the required rate-of-return on investments in the alternative energy ventures/projects.Aligning with the macroeconomic prediction scenario, the student failed to complete a review of recent monetary policy responses. The review should have analyzed the effects of higher borrowing costs on the required rate-of-return on investments in the alternative energy ventures/projects.Aligning with the macroeconomic prediction scenario, the student completed a partial review of recent monetary policy responses including an analyzing the effects of higher borrowing costs on the required rate-of-return on investments in the alternative energy ventures/projects.Aligning with the macroeconomic prediction scenario, the student completes a substantive review of recent monetary policy responses including an analyzing the effects of higher borrowing costs on the required rate-of-return on investments in the alternative energy ventures/projects.Macroeconomic Prediction Short-Term Forecast

12%

Aligning with the macroeconomic prediction scenario, the student did not complete a short-term forecast of at least two macroeconomic indicators (GDP growth rate, inflation rate, the unemployment rate). The forecast is should have been supported with objective supplemental forecasts from recommended or comparable sources (Congressional Budget Office, Federal Reserve Board etc.).Aligning with the macroeconomic prediction scenario, the student failed to complete a short-term forecast of at least two macroeconomic indicators (GDP growth rate, inflation rate, the unemployment rate). The forecast is should have been supported with objective supplemental forecasts from recommended or comparable sources (Congressional Budget Office, Federal Reserve Board etc.).Aligning with the macroeconomic prediction scenario, the student completed a partial short-term forecast of at least two macroeconomic indicators (GDP growth rate, inflation rate, the unemployment rate). The forecast is should have been supported with objective supplemental forecasts from recommended or comparable sources (Congressional Budget Office, Federal Reserve Board etc.).Aligning with the macroeconomic prediction scenario, the student completes a short-term forecast of at least two macroeconomic indicators (GDP growth rate, inflation rate, the unemployment rate). The forecast is supported with objective supplemental forecasts from recommended or comparable sources (Congressional Budget Office, Federal Reserve Board etc.).Writing Mechanics

4%

Writing may be plagiarized (ex: citations, quotation marks, and/or reference entries are missing where they are needed). Writing may contain an unacceptable pattern of sentence-level errors with or without plagiarism, and it may lack an academic structure.Writing may contain a moderate number of grammatical errors and/or lack clarity. APA documentation may have been minimally attempted. There are no examples of overt plagiarism.Writing may need some improvement; some sentences are confusing or contain a few grammatical errors. Some small errors in APA documentation may be present.Writing is clear with no grammatical errors and maintains an academic structure; adheres to APA format for citations and references.

please see attached instructions