USA Economy in the 1980’s presentation

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Question Description

you will perform an in-depth analysis of a 10-year period in U.S. economic history between 1950 and today. In your analysis, you will examine macroeconomic data, basic macroeconomic principles, government actions, and historical/current events to give a clear and comprehensive picture of your chosen time period and detail how they are related to one another.

Presentation Title Your Name ECO 202 Instructor Name ECO 202 Ten-Year Period of U.S. Economic History Overview • This slide should include a brief overview of the 10-year period between 1950 and today that you chose for this presentation. ECO 202 GDP (2 slides) • Gross Domestic Product (GDP) and Growth • Show a graph of real GDP growth rates for each year of your decade and highlight significant changes in growth rates, such as dips or negative growth (recession) or booms (economic expansion) • Real GDP data can be found here at FRED, the research database of the St. Louis Federal Reserve – adjust the data to your 10 year period and use these numbers to calculate the growth rate • Here is a video to introduce you to using the FRED site • Choose two or three of the most relevant events from this time period that impacted the U.S. economy. Apply specific models developed throughout the course to demonstrate how these events influenced national output during this time period. • You can use the GDP formula to explain how an event impacted GDP growth. For instance, if there was large increase in military spending because of a war, we would expect to see an increase in GDP. • Be sure the connections you make are supported by the data you present. • To access hyperlinks, view as Slide Show from top ribbon tab ECO 202 Unemployment and Inflation (2+ slides) • Analyze unemployment and inflation data as to their relation to output and growth, using macroeconomic principles and models to explain their effect. • Show graphs of both annual inflation rates and annual unemployment rates throughout your decade. • Find data on inflation rates: • Consumer Price Index • Producer Price Index • Find data on unemployment here • Explain how inflation and unemployment are calculated for the data presented • Discuss how changes in both are related to changes in GDP growth • Apply specific models developed throughout the course to demonstrate how the previously selected events influenced both unemployment and inflation during this time period. • Discuss how the events impacted both economic indicators • For the final draft, look to include our AD-AS model to illustrate how events led the changes observed in both ECO 202 Interest Rates Analyze interest rate fluctuations throughout this time period and their effects on other aspects of the economy. • Show graph of interest rates during your time period – there are different rate to choose from, like the Federal Funds Rate, the 3-Month Treasury Rate or the Bank Prime Loan Rate which will each give a sense of the level of interest rates and the trend throughout the decade • Then discuss the following: • How would these fluctuations affect/be affected by inflation? • Would investments and foreign trade rates increase or decrease? • How would the GDP of the American economy be affected? • To answer the above questions, consider the relationship between interest rates and GDP ECO 202 Foreign Trade: Imports and Exports For this element, you are to provide data on levels of imports and exports throughout your decade. • As with the other economic data, annual numbers for each year of your decade is ideal. In this case, you may want to look at the value of imports and exports in real (inflation-adjusted) dollars or you can present them as a % of GDP. • In your analysis of the data, make connections to other aspects of the economy, such as the exchange rate. An example might be a stronger dollar leads to more imports - since our dollar can buy more foreign currency than before, it also means it can buy more foreign goods and services (all other things being equal) and so would lead to an increase in imports. • The Census Bureau collects data on imports and exports and their data is compiled on other reliable website for easy access: • You can find export data here • You can find import data here ECO 202 Foreign Trade: Models • This follows well from the analysis of import and export data, where you can relate the trade levels to events within our economy and within our trading partners' economies. For example, the Great Recession saw incomes decrease in most of the Western world and we know that demand for imports is determined by income. If demand for goods and services decrease, we should see a decrease in exports and imports all around the affected countries, the US included. This shows the application of the AD-AS model, with a shifting demand curve. • Consider also any relevant trade agreements during this time to explore changes in patterns of trade based on comparative advantage, another key economic model. ECO 202 Fiscal Policy This rubric element wants you to look at the policies in place at the start of your chosen decade. • You will need to provide details on the policies and examine how they were related to macroeconomic issues at the time. Your slide(s) on this will highlight the key points and your speaker notes will add the explanatory detail needed. • You may need to take a peak at what was happening in the years leading up to the start of your decade. • Your work here should include scholarly research which you can best find information on specific fiscal policies, search by President instead of by years – start with these sites: • Congressional Budget Office • White House website • National Bureau of Economic Research ECO 202 Fiscal Policy Actions This rubric element wants you to examine what the fiscal policy initiatives were going forward, to respond to the changing economic landscape. • You should specifically state what the intent of the actions were - for instance, it could be to decrease unemployment. • Then, use our macroeconomic principles and models (like the AD-AS model or Keynesian consumption function) to explain why the action would lead to the outcome desired by the government. • Keep the main points (and any use of graphs to show the economic models) on the slide and use the speaker notes to add full explanation. • Scholarly research is required here as well (this may overlap with research from the previous element, as appropriate). ECO 202 Fiscal Policy Impact After looking at what the government set out to do and why, you will now examine if it actually worked. • You will look at the macroeconomic data (which you already gathered in milestone one) to see if policy actions achieved their goals. For instance, if President Johnson's "War on Poverty" aimed to reduce poverty in the U.S. and, in doing so, create a stronger economy. With less poverty, we should see increased consumption and higher growth rates. • Keep in mind that there may be times when the government misread the economy and implemented a policy that had unintended effects so its important to compare what was observed after the policy in the macroeconomic data to what the policy objectives were. • Also, consider how individual households and businesses were impacted by the policy decisions. For example, if taxes were lowered, did people spend more money? Did they save more money? Which group(s) of people received the tax cut? ECO 202 Monetary Policy This rubric element wants you to look at the monetary policies in place at the start of your chosen decade. • Remember that the Federal Reserve controls our monetary policy and they have a four main goals: 1. Price Stability 2. High Employment 3. Economic Growth 4. Financial Market Stability • The main tools the Fed uses are the decreasing or increasing of the money supply (through open market operations, changing the required-reserve ratio, and changing the discount rate) and changes to interest rates. • Be sure to read up on these policy tools the Fed uses in our textbook and check out this video for further understanding • The San Francisco Federal Reserve is a valuable resource for research on Federal Reserve history • The Federal Open Market Committee (the part of the Federal Reserve that controls open market operations) has site where you can access transcripts of meetings and other historical materials – just enter the year you need! ECO 202 Monetary Policy Actions This rubric element wants you to examine what the monetary policy initiatives were going forward, to respond to the changing economic landscape throughout your decade. • You should specifically state what the intent of the actions were - for instance, the Fed may have used expansionary policy to help expand the economy in response to a recession. Such policies could have been buying up government bonds - this puts money into the economy since the Fed is buying these bonds from a bank and then the bank can use that money in the economy. This openmarket operation increases the money supply. • Then, use our macroeconomic principles and models (like the Supply and Demand of Money model, AD-AS model to show impact of interest rates on equilibrium GDP, Phillips Curve, etc.) to explain why the action would lead to the outcome desired by the government. • Keep the main points (and any use of graphs to show the economic models) on the slide and use the speaker notes to add full explanation. Scholarly research is required here as well (this may overlap with research from the previous element, as appropriate). ECO 202 Monetary Policy Impact After looking at what the Fed set out to do and why, you will now examine if it actually worked. • You will look at the macroeconomic data (which you already gathered in milestone one - feel free to add more here if needed to support your analysis) to see if policy actions achieved their goals. For instance, if the Fed raised interest rates as a contractionary policy aimed at slowing down inflation, did it work? • There might also be examples of where the Fed misread the economic landscape and initiated expansionary policy when they should have taken on contractionary policy, or vice versa. Consider all actions taken by the Fed during your decade and analyze their impact on the overall economy, paying particular attention to GDP growth rates, unemployment and inflation. • Also, consider how individual households and businesses were impacted by the policy decisions. For example, if interest rates were increased, how did this affect people’s ability to buy new homes or cars? How did it affect business investment? ECO 202 Conclusions For this element, you will take all the data, history and policy analysis you have presented and summarize it in a coherent and thorough manner. Basically, this is your time to tell the economic story of the decade and make all the necessary connections now that your analysis is done. Be sure to include specific examples and data points that help tell the story. ECO 202 “Agree/Disagree” Here, you will state whether you agree or disagree with fiscal and monetary policy actions taken. • It is possible that some actions you agree with and other you disagree with - that is fine. You can discuss your reasons for disagreement or agreement on a case-by-case basis. • In your argument, be sure you are using our economic models and concepts to support you and not just your own opinion or feeling about what is best. For instance, saying that we should not have spent money on government programs because it's not fair to give out money to people would not be an macroeconomics-based reason. You could say that increased government spending through expansionary fiscal policy created too much inflation later on and so you disagree with that action. ECO 202 References • Include references in APA style. ECO 202
ECO 202 Final Project Guidelines and Rubric Overview The final project for this course is the creation of economic history analysis presentation. Macroeconomics is the part of the study of economics that is concerned with the aggregate or the whole. Macroeconomics provides us with tools and methods to understand how our economy works as a whole. It deals with economy-wide issues such as price levels, employment, national income, and growth. As a student of macroeconomics, you will learn how to understand the changes occurring throughout our economy and how our economy is influenced by our decisions, by our government, and by other countries. In this assignment, you will perform an in-depth analysis of a 10-year period in U.S. economic history between 1950 and today. In your analysis, you will examine macroeconomic data, basic macroeconomic principles, government actions, and historical/current events to give a clear and comprehensive picture of your chosen time period and detail how they are related to one another. The project is divided into three milestones, which will be submitted at various points throughout the course to scaffold learning and ensure quality final submissions. These milestones will be submitted in Modules Two, Four, and Five. The final project will be submitted in Module Seven. In this assignment, you will demonstrate your mastery of the following course outcomes:     Apply macroeconomic models to historical and current events for drawing connections between the events and their economic impact Determine the effects of government intervention and fiscal and monetary policy actions for their impact on the economy Analyze macroeconomic data for their implication to economic outcomes and forecasting Analyze macroeconomics trends and government policies for their influence on industries and households Prompt For this assignment, you will first need to choose a 10-year period in U.S. economic history between 1950 and today. You will then present the data collected from government sources related to a variety of macroeconomic phenomena and analyze them in conjunction with the models and core principles to explain the economy-wide changes during your chosen time period. You will also examine the events of the time in their relation to the macroeconomic issues as well as the corresponding government actions taken (fiscal and monetary policies) to address the issues. The final presentation should be 15–20 slides using PowerPoint, Prezi, Keynote, or PreZentit, including title and reference slides. Be sure to include speaker notes to accompany the data and graphs, information, and explanations presented on the slide. Specifically, the following critical elements must be addressed: I. Examination of Macroeconomic Data (Be sure to include speaker notes to accompany all of your responses.) a) Gross Domestic Product (GDP) and Growth i. Analyze the annual GDP during the time frame to calculate specific growth rates and trends in the U.S. economy. ii. Choose two or three of the most relevant historical and/or current events during this time period that impacted the U.S. economy. Apply specific models developed throughout the course to demonstrate how these events influenced national output during this time. b) Unemployment and Inflation i. Analyze unemployment and inflation data during the time frame in their relation to output and growth, using macroeconomic principles and models to explain their effect. ii. Apply specific models developed throughout the course to demonstrate how the previously selected historical and/or current events influenced both unemployment and inflation during this time. c) Analyze interest rate fluctuations throughout this time period and their effects on other aspects of the economy. How would these fluctuations affect inflation? Would investments and foreign trade rates increase or decrease? How would the GDP of the American economy be affected? d) Foreign Trade i. Analyze data representing levels of U.S. imports and exports during this time. How do they relate to other economic outcomes such as the GDP, foreign exchange rates, and so on? ii. Apply specific models developed throughout the course to demonstrate how domestic and foreign events (e.g., wars, changes in trade barriers, development abroad) have impacted the level of and changes in imports and exports in the United States. II. III. Government Policies (Be sure to include speaker notes to accompany all of your responses.) a) Fiscal Policy i. Examine the fiscal policies in place at the start of your specific time period in relation to their effects on macroeconomic issues. For instance, consider level of government spending, taxation, subsidies, unemployment benefits, and so on. ii. Analyze new fiscal policy actions undertaken by the U.S. government throughout the time period by describing their intended effects, using macroeconomic principles to explain the actions. iii. Explain the impact of the new fiscal policy actions on individuals and businesses within the economy by integrating the macroeconomic data and principles. b) Monetary Policy i. Examine the monetary policies in place at the start of your specific time period in relation to their effects on macroeconomic issues. For instance, consider the discount rate set by the Fed, the rates on reserves, open market operations, and so on. ii. Analyze new monetary policy actions undertaken by the U.S. government throughout the time period by describing their intended effects, using macroeconomic principles to explain the actions. iii. Explain the impact of the new monetary policy actions on individuals and businesses within the economy by integrating the macroeconomic data and principles. Conclusion (Be sure to include speaker notes to accompany all of your responses.) a) Summarize the overall trends and outcomes of this 10-year period by integrating the data, economic models, and historical analysis. b) Defend your agreement or disagreement with the actions taken by the U.S. government during this time based upon your analysis and application of the macroeconomic theories. Milestones Milestone One: Macroeconomic Data Report In Module Two, you will submit the first three sections of your final project as outlined in Section I, parts a), b), and c). 1) Choose a 10-year period in the history of the U.S. between 1950 and today. All responses will be related to that timeframe. b) Gross Domestic Product (GDP) and Growth i. Analyze the annual GDP to calculate specific growth rates and trends in the U.S. economy. ii. Choose two or three of the most relevant events from this time period that impacted the U.S. economy. Apply specific models developed throughout the course to demonstrate how these events influenced national output during this time period. c) Unemployment and Inflation i. Analyze unemployment and inflation data as to their relation to output and growth, using macroeconomic principles and models to explain their effect. ii. Apply specific models developed throughout the course to demonstrate how the previously selected events influenced both unemployment and inflation during this time period. d) Analyze interest rate fluctuations throughout this time period and their effects on other aspects of the economy. How would these fluctuations affect inflation? Would investments and foreign trade rates increase or decrease? How would the GDP of the American economy be affected? 2) Present your research with 4–6 slides in PowerPoint, Prezi, Keynotes, or PreZentit, not including title page and references. Be sure to include speaker notes to accompany all of your responses. 3) Apply APA formatting to citations and references. This milestone will be graded with the Milestone One Rubric. Milestone Two: Fiscal Policies In Module Four, you will submit a section of your final project pertaining to fiscal policies as outlined in Section II, part a). 1) Continue your observation of the 10-year period selected for Milestone One, and research the government policies implemented during those years. a) Fiscal Policy i. Examine the fiscal policies in place at the start of your specific time period in relation to their effects on macroeconomic issues. For instance, consider level of government spending, taxation, subsidies, unemployment benefits, and so on. Analyze new fiscal policy actions undertaken by the U.S. government throughout the time period by describing their intended effects, using macroeconomic principles to explain the actions. ii. Explain the impact of the new fiscal policy actions on individuals and businesses within the economy by integrating the macroeconomic data and principles. 2) Present your research with 3–5 slides in PowerPoint, Prezi, Keynotes or PreZentit, not including title page and references. Be sure to include speaker notes to accompany all of your responses. 3) Apply APA formatting to citations and references. This milestone will be graded with the Milestone Two Rubric. Milestone Three: Monetary Policies In Module Five, you will submit a section of your final project pertaining to monetary policies as outlined in Section II, part b). 1) Continue your observation of the 10-year period selected for Milestone One and research the Government Policies implemented during those years. a) Monetary Policy i. Examine the monetary policies in place at the start of your specific time period in relation to their effects on macroeconomic issues. For instance, consider the discount rate set by the Fed, the rates on reserves, open market operations, and so on. ii. Analyze new monetary policy actions undertaken by the U.S. government throughout the time period by describing their intended effects, using macroeconomic principles to explain the actions. iii. Explain the impact of the new monetary policy actions on individuals and businesses within the economy by integrating the macroeconomic data and principles. 2) Present your research with 3–5 slides in PowerPoint, Prezi, Keynotes or PreZentit, not including title page and references. Be sure to include speaker notes to accompany all of your responses. 3) Apply APA formatting to citations and references. This milestone will be graded with the Milestone Three Rubric. Final Project: Economic History Analysis Presentation In Module Seven, you will submit your final project. It will include new research on foreign trade practices (Section I, part d), will draw conclusions (Section III), and integrate all milestones and feedback. It should be a complete, polished artifact containing all of the critical elements of the final product. 1) Research and present, in 3–4 slides, foreign trade practices and policies of the 10-year period you researched for Milestones One, Two, and Three. a) Analyze data representing levels of U.S. imports and exports during this time. How do they relate to other economic outcomes such as the GDP, foreign exchange rates, and so on? b) Apply specific models developed throughout the course to demonstrate how domestic and foreign events (e.g., wars, changes in trade barriers, development abroad) have impacted the level of and changes in imports and exports in the United States. 2) Draw conclusions to the research carried out throughout the course. a) Summarize the overall trends and outcomes of this 10-year period by integrating the data, economic models, and historical analysis. b) Defend your agreement or disagreement with the actions taken by the U.S. government during this time based upon your analysis and application of the macroeconomic theories. 3) Incorporate and integrate this information with the slides developed during Milestones One, Two, and Three into a 15–20-slide presentation that covers all the critical elements of the assignment. Be sure to include speaker notes to accompany all of your responses. 4) Apply APA formatting to citations and references. The final project will be graded using the Final Project Rubric. Deliverables Milestone Deliverables Module Due Grading 1 Macroeconomic Data Report Two Graded separately; Milestone One Rubric 2 Fiscal Policies Report Four Graded separately; Milestone Two Rubric 3 Monetary Policies Report Five Graded separately; Milestone Three Rubric Seven Graded separately; Final Project Rubric Final Submission: Economic History Analysis Presentation Final Project Rubric Guidelines for Submission: Your economic history analysis presentation should be 15–20 slides, including title and reference slides, and include speaker notes to accompany the slides. Your reference list slide needs to be in APA format. Critical Elements Examination: GDP: Growth Rates and Trends Exemplary (100%) Meets “Proficient” criteria and explains relevance of the growth rates observed Proficient (85%) Accurately analyzes the annual GDP during the time frame to calculate specific growth rates and trends in the U.S. economy and provides information in speaker notes Applies specific models developed throughout the course to demonstrate how relevant historical and/or current events have influenced national output during the time period, and provides information in speaker notes Needs Improvement (55%) Analyzes the annual GDP during the time frame to calculate specific growth rates and trends in the U.S. economy, but analysis is inaccurate, or does not provide information in speaker notes Examination: GDP: Meets “Proficient” criteria and Applies specific models Influenced National offers a nuanced insight into the developed throughout the course Output relationship between events and to demonstrate how relevant national output historical and current events have influenced national output during the time period, but events chosen are not relevant, or does not provide information in speaker notes Examination: Meets “Proficient” criteria and Analyzes unemployment and Analyzes unemployment and Unemployment and explains how data is collected and inflation data during the time inflation data during the time Inflation: Output and calculated frame in their relation to output frame, but does not relate Growth and growth, using analysis to output and growth, macroeconomic principles and does not use macroeconomic models to explain their effect, principles and models to explain and provides information in their effect, or does not provide speaker notes information in speaker notes Examination: Meets “Proficient” criteria and Applies specific models Applies specific models Unemployment: offers a nuanced insight into the developed throughout the course developed throughout the course Events relationship between events, to demonstrate how relevant to demonstrate how relevant unemployment, and inflation historical/or and current events historical and current events have have influenced both influenced both unemployment unemployment and inflation and inflation during this time during the time period, and period, but events chosen are not provides information in speaker relevant, or does not provide notes information in speaker notes Not Evident (0%) Does not analyze the annual GDP during the time frame Value 6.4 Does not apply specific models developed throughout the course to demonstrate influence on national output 6.4 Does not analyze unemployment and inflation data during the time frame 6.4 Does not apply specific models developed throughout the course to demonstrate relevant events’ influence on unemployment and inflation 6.4 Examination: Interest Meets “Proficient” criteria and Rate Fluctuations relates fluctuations to all other factors of the economy Analyzes interest rate fluctuations throughout the time period and their effect on other aspects of the economy, such as inflation, investment, foreign trade, and the GDP, and provides information in speaker notes Examination: Foreign Meets “Proficient” criteria and Trade: Imports and provides specific detail in Exports presenting the data Accurately analyzes data representing levels of U.S. imports and exports during the time period as they relate to other economic outcomes, and provides information in speaker notes Applies specific models developed throughout the course to demonstrate how domestic and foreign events have impacted the level of and changes in imports and exports in the United States, and provides information in speaker notes Examination: Foreign Meets “Proficient” criteria and Trade: Models offers a nuanced insight into the relationship between events and changes in imports and exports Government Policies: Meets “Proficient” criteria and Fiscal: Policies cites scholarly research to support the relation between the policies and the issues Examines the fiscal policies in place at the start of the specific time period in relation to their effects on macroeconomic issues, and provides information in speaker notes Government Policies: Meets “Proficient” criteria and is Fiscal: Policy Actions well qualified and cites scholarly research with specific examples and references Analyzes new fiscal policy actions undertaken by the U.S. government throughout the time period by describing their intended effects, uses macroeconomic principles to explain the actions, and provides information in speaker notes Analyzes interest rate fluctuations throughout the time period, but does not relate this to their effect on other aspects of the economy such as inflation, investment, foreign trade, and the GDP, or does not provide information in speaker notes Analyzes data representing levels of U.S. imports and exports during the time period, but does not relate data to other economic outcomes, does not provide information in speaker notes, or analysis is inaccurate Applies specific models developed throughout the course to demonstrate how domestic and foreign events have impacted the level of and changes in imports and exports in the United States, but events chosen are not relevant, or does not provide information in speaker notes Examines the fiscal policies in place at the start of the specific time period, but does not relate this to their effects on macroeconomic issues, or does not provide information in speaker notes Analyzes new fiscal policy actions undertaken by the U.S. government throughout the time period, but does not describe their intended effects, does not use macroeconomic principles to explain the actions, or does not provide information in speaker notes Does not analyze interest rate fluctuations throughout the time period 6.4 Does not analyze data representing levels of U.S. imports and exports during the time period 6.4 Does not apply specific models developed throughout the course to demonstrate impact of domestic and foreign events on foreign trade 6.4 Does not explain the fiscal policies in place at the start of the specific time period 6.4 Does not analyze new fiscal policy actions undertaken by the U.S. government throughout the time period 6.4 Government Policies: Meets “Proficient” criteria and Fiscal: Impact uses concrete examples to substantiate claims and to comprehensively describe the policy results Comprehensively explains the impact of the new fiscal policy actions on individuals and businesses within the economy by integrating the macroeconomic data and principles, and provides information in speaker notes Explains the impact of the new fiscal policy actions on individuals and businesses within the economy, but is not comprehensive, does not integrate the macroeconomic data and principles, or does not provide information in speaker notes Government Policies: Meets “Proficient” criteria and Examines the monetary policies Examines the monetary policies Monetary: Policies cites scholarly research to in place at the start of the in place at the start of the support the relation between the selected time period in relation to selected time period, but does policies and the issues their effects on macroeconomic not relate them to their effects on issues, and provides information macroeconomic issues, or does in speaker notes not provide information in speaker notes Government Policies: Meets “Proficient” criteria and is Analyzes new monetary policy Analyzes new monetary policy Monetary: Policy well qualified and cites scholarly actions undertaken by the U.S. actions undertaken by the U.S. Actions research with specific examples government throughout the time government throughout the time and references period by describing their period, but does not describe intended effects, uses their intended effects, does not macroeconomic principles to use macroeconomic principles to explain the actions, and provides explain the actions, or does not information in speaker notes provide information in speaker notes Government Policies: Meets “Proficient” criteria and Comprehensively explains the Explains the impact of the new Monetary: Impact uses concrete examples to impact of the new monetary monetary policy actions on substantiate claims and to policy actions on individuals and individuals and businesses within comprehensively describe the businesses within the economy the economy, but is not policy results by integrating the comprehensive, does not macroeconomic data and integrate the macroeconomic principles, and provides data and principles, or does not information in speaker notes provide information in speaker notes Does not explain the impact of the new fiscal policy actions on individuals and businesses within the economy 6.4 Does not examine the monetary policies in place at the start of the selected time period 6.4 Does not analyze new monetary policy actions undertaken by the U.S. government throughout the time period 6.4 Does not explain the impact of the new monetary policy actions on individuals and businesses within the economy 6.4 Conclusion: Trends and Outcomes Conclusion: Agreement or Disagreement Articulation of Response Meets “Proficient” criteria and highlights specific examples to demonstrate trends and outcomes Summarizes the overall trends and outcomes of the 10-year period by effectively integrating the data, economic models, and historical analysis, and provides information in speaker notes Summarizes the overall trends and outcomes of the 10-year period, but does not integrate the data, economic models, and historical analysis effectively, does not apply all three elements, or does not provide information in speaker notes Meets “Proficient” criteria, and Defends whether the student Defends whether the student point of view is well supported agrees or disagrees with the agrees or disagrees with the and plausible actions taken by the U.S. actions taken by the U.S. government during the selected government during the selected time period based upon student’s time period based upon student’s analysis and application of the analysis and application of the macroeconomic theories, and macroeconomic theories, but provides information in speaker defense is weak, does not notes accurately analyze and apply theories, or does not provide information in speaker notes Submission is free of errors Submission has no major errors Submission has major errors related to citations, grammar, related to citations, grammar, related to citations, grammar, spelling, syntax, and organization spelling, syntax, or organization spelling, syntax, or organization and is presented in a professional that negatively impact readability and easy-to-read format and articulation of main ideas Does not summarize the overall trends and outcomes of the 10year period 6.4 Does not defend whether the student agrees or disagrees with the actions taken by the U.S. government during the selected time period 6.4 Submission has critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas Earned Total 4 100%

Tutor Answer

CristinaP
School: UCLA

Attached.

USA Economy in the 1980’s
Your Name
ECO 202
Instructor Name

ECO 202

1980’s U.S. Economic History - Overview
• The US economy experienced economic recession in the
1970’s following the end of the post-World War II
economic boom.
• This spilled over to the beginning of the 1980’s.
• Between 1980 to 1982, the economy experienced a
decline in agricultural exports, falling crop prices, and
rising interest rates.
• The economy rebounded in 1983.
• Enjoyed a sustained economic growth for the rest of the
1980’s.
ECO 202

GDP Growth

ECO 202

Unemployment Rate 1980-1989

ECO 202

Consumer Price Index (CPI) 1980-1989

ECO 202

Interest Rates
• Inflation and interest rates are in close relation to each
other, and frequently referenced together in economics.
• Inflation refers to the rate at which prices for goods and
services rise.
• As interest rates rise, the rate of inflation rises. And vice
versa.
• As interest rates rises, GDP is negatively affected.
• With high interest rates, investors are s...

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