Major Debates Over Macroeconomic Policy

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ghavg21

Economics

Description

Purpose of Assignment

This week requires the student to address six unresolved issues in macroeconomics, each of which is central to current political debates. Students are required to use information and tools that they have accumulated in their study of the text and evaluate both sides of those issues, determine which side they can support for each issue, and defend their positions.

Assignment Steps

Select two subjects from the following list of topics and write a 1050-word analysis:

  • Active monetary and fiscal policy
  • Increased government spending to fight recessions
  • Reducing federal government's discretionary powers
  • Zero-inflation target
  • Balanced government budget
  • Tax incentives for saving

Evaluate both the advocates' position and the critics' position.

Determine which position you support and defend your position.

Cite a minimum of three peer-reviewed sources not including your textbook.

Format consistent with APA guidelines.

Unformatted Attachment Preview

Major Debates over Macroeconomic Policy Grading Guide ECO/372 Version 10 Principles of Macroeconomics Copyright Copyright © 2016, 2015, 2014 by University of Phoenix. All rights reserved. University of Phoenix® is a registered trademark of Apollo Group, Inc. in the United States and/or other countries. Microsoft®, Windows®, and Windows NT® are registered trademarks of Microsoft Corporation in the United States and/or other countries. All other company and product names are trademarks or registered trademarks of their respective companies. Use of these marks is not intended to imply endorsement, sponsorship, or affiliation. Edited in accordance with University of Phoenix® editorial standards and practices. Major Debates over Macroeconomic Policy Grading Guide ECO/372 Version 10 Individual Assignment: Major Debates over Macroeconomic Policy Purpose of Assignment This week requires the student to address six unresolved issues in macroeconomics, each of which is central to current political debates. Students are required to use information and tools that they have accumulated in their study of the text and evaluate both sides of those issues, determine which side they can support for each issue, and defend their positions. Resources Required National Bureau of Economic Research Grading Guide Content Met Partially Met Not Met Total Available Total Earned 10 #/10 Partially Met Not Met Comments: Student selected two subjects from the list provided: • active monetary and fiscal policy • increased government spending to fight recessions • reduce federal government’s discretionary powers • zero-inflation target • balanced government budget • tax incentives for saving Student evaluated the advocates’ position and the critics’ position for the two subjects they choose. Student determined which position (advocates or critics) they support and provides a defense of their position for the two subjects they choose. The paper is 1,050 words in length. Writing Guidelines The paper—including tables and graphs, headings, title page, and reference page—is consistent with APA formatting guidelines and meets course-level requirements. Met Comments: 2 Major Debates over Macroeconomic Policy Grading Guide ECO/372 Version 10 Writing Guidelines Met Partially Met Not Met Total Available Total Earned 3 #/3 13 #/13 Intellectual property is recognized with in-text citations and a reference page. Paragraph and sentence transitions are present, logical, and maintain the flow throughout the paper. Sentences are complete, clear, and concise. Rules of grammar and usage are followed including spelling and punctuation. Assignment Total Additional comments: # Comments: 3
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Explanation & Answer

Attached.

Running Head: ISSUES IN MACROECONOMICS

Issues in Macroeconomics
Student’s Name
Institution of Affiliation
Course
Date

1

ISSUES IN MACROECONOMICS

2

Balanced government budget

Introduction

For quite a long period of time, Americans have been pulled by the idea of ensuring
budget balance through the legislature. Being a requisite in the United States of America, a
balanced budget amendment was constitutionally introduced to ensure that the government
cannot spend more in comparison to its income. This, therefore, requires a balance between
projected expenditures and receipts of the government (Wagner & Tollison, 2012).

A balanced economy for a nation is a clear indicator of certainty and assurance for
organizations, businesses, and institutions for the progress ahead. Should action be taken now,
individuals can be assured of out-of-control Growth in terms of the national debt. Beforehand,
installments for investments on debts and the future assessment expanded (Wagner & Tollison,
2012). Passing certainty in the reliability of America is likely to undermine the opportunity and
how vital the economy is. Therefore, it is essential for America to leave the comfort zone and
step up to better its economy more so when it comes to America’s credit (Wagner & Tollison,
2012).

Evaluation of the advocates' position

The federal government of the United States has progressively run a budget deficit since
the administration of Clinton. As time progresses, budget deficits have resulted in increasing
levels of federal debt. This indeed, according to advocates, points that, support of a balanced
budget points towards increasing federal debt levels a...


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