STEP ONE (Please include citation only for this part)Respond to the following in a 300 wordsCan government intervention in markets sometimes make the situation worse? Provide examples in your response. For example, consider the progress of the economy of Venezuela since 2000.STEP TWO (This part should include introduction, conclusion, citations and reference page, and one graph and one table)Government Intervention AnalysisAnalyze 1 of the following government intervention programs:Countercyclical fiscal policies (countering economic disruptions such as the housing bubble and the Great Recession)US agriculture support programsAssistance for Low Income Families (choose 1)Housing vouchersEarned Income Tax Credit (including Child Tax Credit)Supplemental Nutrition Assistance Program (SNAP)Low income healthcare (choose 1)Medicaid (including Children's Health Insurance Program).Affordable Care Act expansionSocial insurance programs (choose 1)Old Age, Survivors, and Disability Insurance (OASDI)MedicareUnemployment insuranceWrite a 1200-word summary of your analysis. Identify the intervention and the market failure leading up to the intervention. Complete the following in your paper:Analyze the arguments for government intervention as opposed to arguments for market-based solutions.Hint:See the information about market failures. (200 word count)Examine who has been helped and who has been hurt by the selected government intervention. (200 word count)Examine externalities and unintended consequences of such intervention. For example, consider whether the SNAP program and health coverage for low-income families result in higher future tax revenues because low-income children grow up healthier and produce higher incomes over their lifetimes. (200 word count)Analyze whether cost of the intervention you selected as a share of GDP or the number of participants is increasing,decreasing, or varies with the state of the economy, based on the cost trend(or number of participants) since its inception or since 2000. (200 word count)Analyze credible economists’ opinions on the success or failure of the intervention that you chose in achieving its objectives. (200 word count)Recommend whether the program should be continued as is, discontinued, or modified based on your conclusions. Defend your recommendation. (200 word count)Please make sure to follow APA guidelines and include an introduction, conclusion, and reference page. Also, please include a table and a graph for your analysis.

i give you all the materials and i only need you to help me get the SUPPLY AND DEMAND CURVE and SOME EXPLANATIONS. TY???That's all I need. Briefly discuss developments in the crude oil market and your outlook, using the microeconomic concepts discussed in class. What is your outlook for oil prices? Give your projection for December 2021 and December 2022 in terms of $/barrel? Your analysis should include the following: Your analysis should incorporate an analysis of past oil price developments and your assessment of current markets. The historic data for WTI and Brent can be obtained from the St. Louis Fed Fred website at https://fred.stlouisfed.org/categories/32217 (Links to an external site.). Please be sure to look at both the nominal and real price movements In developing your forecast, you can use regression analysis, but be sure to specify your model. Some studies on oil price forecasting have been included. The dependent variables need to be fully analyzed. In addition to the attached articles, you can refer to interesting articles from the International Energy Agency: https://www.iea.org/ You should incorporate your projections for demand and supply forces, with graphs. Show projected shifts in the demand and supply graphs to support your forecasts. A brief regression analysis and diagnostics discussion will be held in class. You can use any software, including excel, to conduct your regressions. In addition to the attached articles, you can refer to interesting articles from the International Energy Agency: https://www.iea.org/