Please make edits to the paper based on the information below.

There's substantial room to contribute much more economic analysis as you work to tie your topic back to the macroeconomy--that's important to continue to move away from simply being a report on the topic but instead to focus on developing a thesis to a conclusion by applying Econ 211 ideas. Note also the 30% similarity index. Other things equal we want to avoid direct quotes as the original author didn't have this paper in mind!

RESEARCH TOPIC DRAFT 2 Introduction Macroeconomics is the study of the economy as a whole. It looks at the big picture of how the economy works and how it affects people. The field of macroeconomics is important because it can help us to understand and solve the problem of poverty. Poverty is a multifaceted issue that includes, among other things, social, political, and cultural problems in addition to economic ones. Because of this, fighting poverty requires a wide range of well-coordinated strategies rather than just economic ones. In fact, this serves as the underpinning of comprehensive poverty reduction programs. Poverty can have a big impact on people's lives, making it hard for them to live a good life. Poverty can make it hard for people to live a good life in a number of ways. Firstly Unemployment leads to poverty which is a concern facing the global economy. Unemployment causes financial crises and diminishes a nation's total purchasing power. This then leads to impoverishment followed by an increased debt burden. Now, there are many ways to characterize poverty. According to the World Bank, poverty is a financial position in which individuals are unable to sustain the basic level of life. There are several sorts of poverty, including absolute poverty and relatively poor. There may be several other classifications, such as urban poverty, rural poverty, primary poverty, and secondary poverty. Regardless matter the nature of poverty, inadequate money has always been the root cause. The role of unemployment in poverty is presented here. In the majority of the world's emerging and underdeveloped economies, lack of work possibilities and the ensuing economic gap result in widespread poverty.

RESEARCH TOPIC DRAFT 3 Secondly, low incomes can make it hard to afford basic necessities and make it difficult to get by. people whose family income falls underneath the official poverty criteria are deemed to be poor. Families having earnings between the poverty level and 200 percent of the poverty threshold are considered to have low incomes. "Low-income" is typically chosen over "poor" in order to avoid implying that they are in any way inadequate. In practice, however, individuals who satisfy the precise definition of poverty and those who earn a bit more income lead comparable lives. They struggle to satisfy their basic necessities, may experience food insecurity, and have difficulty saving for and managing with financial emergencies. Finally, high prices can also make it difficult to afford basic necessities. Inflation is a rise in the pricing of products and services. Poverty and inflation are closely related in the sense that a nation with a high inflation rate is likely to also have a high poverty rate. The annual rate of change in the prices of products and services is the inflation rate. All of these factors can combine to make it very difficult for people to live a good life if they are living in poverty. When people are struggling to make ends meet, it can have a chilling effect on the economy as a whole. Societal unrest can result from high poverty rates and high unemployment rates, both of which reduce aggregate demand. There is a correlation between national unemployment rates and total demand. Changes in consumer spending are occasionally caused by a shift in the economy, resulting in a set of events that may cause unemployment to rise. This creates an environment in which changes in aggregate demand caused by an economic downturn may actually lead to a rise in unemployment, a circumstance that is likely to further reduce the demand for specific products

RESEARCH TOPIC DRAFT 4 and services. The relationship between poverty rates and the overall health of the economy seems logical. As the economy improves, so are employment and income opportunities. Stronger job markets and greater income levels likely to aid families in poverty in escaping the poverty line. Therefore, as poverty faces the individuals of a country, the GDP can decrease, for example, from low income and employment opportunities. High poverty rates can lead to various social unrest. Such social unrest includes increased crimes, for example, where the victims are engaged in robbery to cater for their basic needs. It is sad that individuals affected by poverty can go to an extend of shoplifting to meet their daily ends. Such unethical social unrests have resulted to many being prosecuted and also face jail sentences. All of these factors can have a negative impact on macroeconomic performance. The way forward for macroeconomics and poverty alleviation is to continue to research and develop policies that can help to reduce poverty. Macroeconomics can help to develop policies that can create jobs and reduce unemployment. Creating jobs in the United States and overseas is a great method for reducing poverty. When individuals have work, they have income, and when they have income, they may escape poverty more readily. According to the United Nations, unemployment and underemployment are at the heart of poverty. Labor is sometimes the only asset that the impoverished may utilize to enhance their well-being. Macroeconomics can also help to develop policies that can increase incomes. Increasing salaries is another method for alleviating poverty. Since 2007, the United States has not increased the federal minimum wage. Consequently, "a full-time worker with two kids earning minimum pay will continue to raise their family in poverty" This is a problem in virtually every

RESEARCH TOPIC DRAFT 5 other nation, particularly emerging nations. Increasing the minimum wage might improve the health and well-being of millions of people. These policies can help to reduce poverty and improve macroeconomic performance. Macroeconomic stability is necessary for high and sustainable rates of growth. Economic growth is the single most significant factor determining poverty. This is because economic growth can help to create jobs and reduce unemployment. Economic growth can also help to increase incomes and reduce prices. All of these factors can help to reduce poverty. The future of macroeconomics and poverty alleviation lies in the continued investigation and development of policies that can aid in this endeavor. To put it another way, macroeconomics can be used to craft policies that boost employment and cut down on unemployment. In addition, macroeconomics can be used to craft policies that boost wages and lower costs. Macroeconomic stability is necessary for high and sustainable rates of growth, which is why economic growth is the single most significant factor determining poverty. Macroeconomic stability should therefore be a major element of any effort to reduce poverty. Economic growth is the most important factor in determining poverty levels, as macroeconomic stability is required for high and sustainable growth rates. This means that macroeconomic stability needs to be a central part of any strategy to alleviate poverty.

RESEARCH TOPIC DRAFT 6 References Financial Times FT economists' survey: People to feel worse-off as inflation and tax rises bite in 2022. Subscribe to read | Financial Times. (n.d.). Retrieved October 2, 2022, from https://www.ft.com/content/001d12df-4420-4cf2-8198-0cbe3532f6bd Guo, J., Zhang, L., & He, J. (2022, October 1). China's New Road to Prosperity? China's new road to prosperity? - Economy and ecology | IPS Journal. Retrieved October 2, 2022, from https://www.ips-journal.eu/topics/economy-and-ecology/chinas-new-road-to-prosperity- 5643/ Kalau, N. (2022, August 22). What are the 10 economic problems that Nigeria is facing? Legit.ng - Nigeria news. Retrieved October 2, 2022, from https://www.legit.ng/ask- legit/guides/1116681-what-10-economic-problems-facing-nigeria/ Lalwani, A. (2022). India's G20 presidency and the macroeconomic dilemma. ORF. Retrieved October 2, 2022, from https://www.orfonline.org/expert-speak/indias-g20-presidency-and- the-macroeconomic-dilemma/ Rajah, R. (2022, March 14). Revising down the rise of China. Lowy Institute. Retrieved October 2, 2022, from https://www.lowyinstitute.org/publications/revising-down-rise-china Samad, H. (2022, February 2). Afghanistan needs a political roadmap to reduce economic hardship. Atlantic Council. Retrieved October 2, 2022, from

RESEARCH TOPIC DRAFT 7 https://www.atlanticcouncil.org/blogs/southasiasource/afghanistan-needs-a-political- roadmap/ Shastry, V., & Mark, J. (2022, July 21). The world isn't ready for the looming emerging-market debt crisis. Atlantic Council. Retrieved October 2, 2022, from https://www.atlanticcouncil.org/blogs/new-atlanticist/the-world-isnt-ready-for-the- looming-emerging-market-debt-crisis/ World Bank Group. (2022, May 6). Global growth to slow through 2023, adding to risk of 'hard landing' in developing economies. World Bank. Retrieved October 2, 2022, from https://www.worldbank.org/en/news/press-release/2022/01/11/global-recovery-economics- debt-commodity-inequality