Discuss in detail on the parts of the following scenario

Part 1: In this part, you will be looking at the outlook of the U.S. economic. You are to do this part not from anyone's else writing but you finding out the current trend of the most important macroeconomic indicators (outlook of the U.S. economy), and explain why you choose such indicators and how is it important to the economy. You should be explaining this part using your a prior knowledge and then some data (graph if appropriate) to support your claim and how does the data/graph support, criticize or change your a prior knowledge. It’s just a brief summary of the economy outlook. However, a minimum of one page is required from this part.

Part 2: In this part you are to examine the Current Fiscal Policy of the United States. What Are Some of the Pitfalls? What Factors Have Contributed to Recent Economic Growth or Decline? You are to do this part by comparing Obama’s last two years in office with Trump’s first two years through now.

Part 3: Inflation

Some of the key areas you will want to look into in this part might include the relationship between:

i. Overall inflation trend at least for the last 10 years

ii. oil prices and overall inflation trends. Is changes in oil prices a major determinant or contributor to inflation?

iii. the dollar value and inflation. Look at the causation here, what causes what? the trend between them for at least 5 years

iv. inflation and unemployment rate. What is there relationship and why such relationship?

v. The trend in employment cost index. How much workers are been really paid per hour? Wages & salary growth? Reasons behind this such growth rate like is it due to benefits like insurances etc.