Insert Table Chart Text Shape Media Comment GUIDELINE FOR DOING THE "NEWS ANALYSIS" ASSIGNMENTS This assignment is the practice run for your final essay exam. It is the application of the macroeconomic principles you see in the course to the current news items. To do this assignment, be on the lookout for news that interest you. Accordingly, identify 5 news items. The news items could be current or could be historical. You may also use individual private situations that you are familiar with. The only thing is that the news and or the situation must be macroeconomic related. In other words, Federal Reserve decisions, government spending, inflation, unemployment, government debt, taxation, etc. are acceptable macro issues but someone's purchases, labor disputes, pricing strategies, healthcare, education, etc. are (normally) not since they are micro issues. For the final submission, use the following format: NEWS: STATE THE NEWS HERE Date and Source: PROVIDE THE SOURCE AND DATE Explanation: In the explanation part, try to explain the news. What it is, how did it happen, and why is it happening. You may not be able to fully answer all these questions, but try. My concern is for you to go beyond the news and see the situation from an economist's perspective. You may give a very brief background or description. But you do not need to rehash the news and the details. Also, this is not a research project. You do not need to get deeply involved with the opposing sides (if any) or the debate. Just simply explain the news by reaching into your "economics tool bag" and apply them to the situation. I want YOUR understanding of the situation! Each news analysis should be around one page. You do five of these as the required assignment. If you do this and do it without making an obvious and outright blunder, you will get the full 20 points. An obvious blunder means you state something like "as price increases people will buy more of a commodity." This negates the Law of Demand and it constitutes as an obvious blunder! As an example Jet's assume that you heard that the Federal Reserve is buying government securities. State the source and date. Then in the explanation try to explain what is being proposed, how it will be implemented, and why it is suggested. Then, try to analyze the money market and investment situation after the implementation of this purchases