Current economic situation in the US

Question: What is the “current macroeconomic situation” in the U.S. (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.)? What fiscal policies and monetary policies would be appropriate at this time?
1. Write your individual answers to the questions listed above together in essay format (minumum of 300 words combined in APA style), using correct economic terms covered in the discussions. If you only write 300 words, you probably won’t be able to fully answer the questions. Use the APA Template in Doc Sharing as a guide. You will also find the grading rubric for this assignment in Doc Sharing.
2. Key concepts to include in your paper–data trends on unemployment, inflation, GDP growth, expansionary fiscal policy tools, FOMC, easy money policy tools and other terms from this class.
3. You must use at least one article. Note: The textbook is not an article and cannot be the only source for the assignments. Use the DeVry Library as a resource for finding your references.
Key 6 terms
1. Functions of money—unit of account, store of value, medium of exchange
2. M1 =?
3. M2=?
4. Vault cash
5. Required Reserves
6. Excess Reserves
7. By how much can a single bank increase the money supply? The whole banking system?
8. What is the money multiplier? How does it work?
9. Federal Funds and Discount Rates
10. Expansionary Monetary Policy—what do and why?
11. Restrictive or Contractionary Monetary Policy—what do and why?
12. Open Market Transactions—how important, how work, how use?
13. What are 4 tools of Monetary Policy?
14. Data trends on unemployment, inflation, GDP growth, expansionary fiscal policy tools, FOMC, easy money policy tools and other terms from this class. Data trends should have recent data for your chosen economic issue (e.g. unemployment statistics from BLS for the last 6 Quarters of)

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