Naked Economics
Naked Economics
Description
This story encompasses the evaluation of the United States Economy. In order to determine the chances of recovery for the United States economy, the author creates a computer based model. This model involves a series of manipulations for the economy. Firstly, the author manipulates the computer model in order to enhance cooperation between the two main parties in United States Congress.
Although both parties agree on key economic policies such as taxation and fiscal policy, the unemployment rate remains more than 6% after 4 years (Kestenbaum, 2012). The author tries to manipulate the economy in order to slash the prices of crude oil through the computer model.
This reduction decreases the gas prices in United States. Unfortunately, this has a more or less significant impact upon the country’s rate of unemployment. The third step encompasses the manipulation of the European economy. Through the computer model, the author streamlines the European economy in order to increase exports from United States. Despite these efforts, the United States economy struggles with an unemployment rate of 5.9% after 4 years (Kestenbaum, 2012).
Thoughts/Questions
The story highlights the current state of United States economy from realistic angle. Although the government seeks to establish numerous plans in support of the economy, there are few chances for a quick-fix. Based on the computer model, it is evident that even the reduction of crude oil prices might not avert the economic crisis of unemployment.
The increase in the number of graduates from universities and colleges only serves to complicate the problem of unemployment in United States. The impact of the global recession was so great that it will take generations to restore the economy to its previous state.
Reference
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