CS301, requesting an efficiency algorithm given metricsThe question is attached as an image file, Any help with this would be great. All the information provided has also been included which is not much. I am to work with the information provided.

TITLE OF PAPER HERE

Student First and Last Name

Name of College or University

Principles of Macroeconomics 201

Professor Crowe-Hopkins

December  7, 2020

Author Note

                <Student First and Last Name> has no known conflict of interest to disclose.

Correspondence concerning this paper should be addressed to <Student Name and Student e-mail address>

The first paragraph is your introduction.  In APA format, the word introduction does not serve as a heading.  Remember to indent the first sentence of every paragraph and double-space the entire document.  Your introduction should convey to the reader why your topic is important.  You may use statistics, news, published reports, studies, etc to support your reasoning.  Be sure to cite in APA format. This paper is 3-5 pages, excluding title page and references, and is designed to familiarize you with the technique of writing within the social sciences.

State of the Economy: Expansion or Recession

This is the first section of your paper.   In this section, you will explain why you think the economy is either in a recession or expansion.  If you believe the economy is in a recession, then define what a recession is and provide the statistic from the National Bureau of Economic Research (NBER) that supports your conclusion.  You will find that chapter 9 in McConnell and Brue (Phases of the Business Cycle) and the data in your Wall Street Journal Tracking Report list a couple of reasons (events)  to explain a business cycle; that is, if you feel the economy is in a recession or expansion.  When using websites it is important to properly cite the webpage in your references.  It is commonly understood that a list of references replete with web-sites at the end of a paper is unacceptable.

On another note, please be sure to include the value of GDP and how it has changed in this section of your paper. (you will find this statistic within the U.S. Commerce Department website)

Now that you solidified your characterization of the economy, you will address the following question: What type of policy prescription would you recommend: Fiscal policy and/or monetary policy to promote economic growth?  In order to explore this topic , you will need to examine at least two monthly indicators unemployment and inflation.

Unemployment and Inflation

It is customary in the next segment to define you want to write one paragraph explaining why it is important to measure and examine unemployment and inflation.  You could use your textbook or other scholarly articles to support your conclusions.

Unemployment

In this section of your paper you will examine the unemployment rate.  The unemployment rate is measured by the Bureau of Labor Statistics and the inflation rate is measured by the Bureau of Labor Statistic.  In this section of the paper, note the change in the unemployment rate.  In fact, you may use the websites to perform calculations for the rate of change over time of  these variables or use two months of data from the Wall Street Journal as mentioned during our meeting days.  Once you have secured statistics on unemployment, you are to select which form of unemployment best describes the current U.S. labor market? (frictional, cyclical, or structural?) Here you want to explore the conundrum of why the unemployment rate has decreased despite evidence via initial jobless claims that the number of layoffs are greater than the number of jobs created in the economy. The initial jobless claims are reported every Thursday on the department of labor’s website.

Inflation

In this section, you will note the changes in the inflation rate. Given the information examined,  do you believe that the current rate of inflation is increasing, decreasing, or stable?  That is, based on your present situation, do you agree or disagree with the government’s findings? There are winners and losers of unanticipated inflation. Who benefits from inflation: lenders or borrowers? In your paper please take a sentence or two to explain how. Once you have obtained the required statistics for both unemployment and inflation, what is your prediction of both the unemployment rate and inflation rate six months from now?   If you believe that both the unemployment rate and inflation rate will increase (as opposed to one variable increasing at the expense of the other), then state your case here. You are to provide corroborating evidence to support your conclusion.  Finally, you are to examine how has the changes in the unemployment rate and the inflation rate affected output (RGDP) since the start of the semester? ( McConnell, Brue, and Flynn, 190) 

Policy Prescription

In this section you will determine whether or not you believe the economy is in a recession or expansion.  Given your answer, what policy prescription will you recommend to promote full-employment equilibrium: expansionary or contractionary fiscal or monetary policy?  On the other hand, if you prefer a reduction in unemployment at the expense of high prices because we are in a pandemic then how much of a stimulus is needed to stabilize the economy to reduce volatility?  Finally, given your policy prescription, make a prediction of what will most likely happen to unemployment (increase or decrease), inflation (increase or decrease), and RGDP (increase or decrease), six months from now?   (McConnell, Brue, and Flynn, 2020, p.p. 374-384)

How will your policy prescription affect the deficit and the national debt? In this section, you will need to incorporate a discussion of the “crowding-out effect” in your paper (McConnell, Brue, and Flynn, 2020 p. 274-281)

Conclusion and/or Reflection

                Now that you have analyzed the United States economy in light of a global pandemic, do you agree or disagree with John Meynard Keynes’ assumption that inflexible prices and unplanned increases in inventories are the primary culprits of successive quarters of negative RGDP? (McConnell, Brue, & Flynn, 2020 p. 217) That is, in light of what is currently occurring in the American economy:  Coronavirus, social unrest, restricted hours, social distancing, limited capacity, closed schools and businesses, etc., do you agree with Keynes’s assumption that the primary explanation for economic depressions are unsold inventories? In other words, because of an exogenous random event do you believe that the U.S.  economy will maintain its dominant position as a world power? You could examine the changes in the data for DJIA, Oil, Gold, bond markets, and events as highlighted in the 2020 edition of The Wall Street Journal to gauge the level of caution in the economy.

                The last paragraph should summarize how this paper has contributed to your understanding of economics.

References

Place your references here.  You may use these if you wish.  Remember to cite all WEBSITES.

Auerbach, A., Gorodnichenko, Y., & Murphy, D. (2020). Effects on fiscal policy on credit markets.

                American Economic Association Papers and Proceedings, 110 (2) pp. 119-24  

Centers for Disease Control and Prevention. (2020, October 5).  How covid-19 spreads. 

https://www.cdc.gov/coronavirus/2019-ncov/prevent-getting-sick/how-covid-spreads.html
McConnell, C., Brue, S., & Flynn, S. (2020). Macroeconomics. McGraw-Hill

Mitchell, J. (2020, October 1) Consumer spending rose in August, but incomes pose hurdle for                   U.S. recovery. The Wall Street Journal

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