1.In an analysis of the macroeconomic data, you will notice that the U.S. economy passed through a major recession. Based on research, discuss the underlying causes of the recession. Identify monetary and fiscal policies implemented by the Federal Reserve and the government to deal with the recession.

2.Evaluate the expected and actual effects of each policy. Your response needs to include the name of the policy, description of the policy, the year it is implemented, and discussion of expected and actual outcomes in terms of the GDP, unemployment and inflation rates.

3.After close observation of the different perspectives discussed in the course, share your position on the effectiveness of fiscal and monetary policies to deal with recession or inflation.

4.As part of the economy, each of us will be affected by the state of the economy and the actions policy makers take to stabilize or advance it. Conclude by sharing why understanding these actions and outcomes matter to you as an individual who is part of the economic system. How do they affect the society/economy? What could be done differently? Share personal examples and experiences

General Guidelines

Introduction

Description of the State of the U.S. Economy

Analysis of Economic Policies

Personal Reflections and

Conclusion

You must use at leastfour credible sources coming from academic journal articles (you will need to visit the library to know what a journal article looks like and where it can be retrieved - most journal articles come from databases e.g.: EBSCO host or Academic Search Premier to support your ideas (avoidsites such asWikipedia,Investopedia,EHow, yahoo answers, etc. - I do not expect websites in your work cited list). You can contact a librarian or me if you are not sure about the credibility source)

You must use in-text citations (It is important that you identify all items directly copied or paraphrased from other sources by including the source each time you cite or paraphrased other people's work. Read TCCD's policy