Palm Beach State College Macroeconomics Discussion

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Page must be at least 1-2 pages and completed by Thursday 4/16/20 at 12:00 pm.1. The case refers to Powell’s decision in early 2019. Look up data on GDP, unemployment, and interest rates since then (https://fred.stlouisfed.org/Look up GDP, unemployment, and interest rates SINCE THEN.
In other words, how have they performed in the last 12 months?2. How did the macro economy fare through 2019? Do you see evidence of a tightening of monetary policy? Explain further how the economy performed in 2019. Consult sources beyond the
case to get a more diverse or broad view of the economy performance in 2019 3. The FOMC will meet again in 2020. How would you brief the FOMC (or your manager at a firm) on the current state of the US economy? What are the salient
features of the data? What was the economic situation for 2020. Answer should brief a firm or a manager about the current state
of the economy. 4. What is the case against raising interest rates (or for lowering rates)? Prepare a recommendation based on the data and AD/AS reasoning. Discuss the arguments for and against rising interest rates in 2019, but with a focus on the AD/AS model.

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PRINCIPLES OF MACROECONOMICS
PALM BEACH STATE COLLEGE / LAKE WORTH CAMPUS
DR. JEAN-RONY LAFALAISE
REF # 263085, ECON 2013
SPRING 2020, 6:30PM TO 9:15PM – ROOM: BA 210 (extended to Blackboard)
TAKE-HOME ASSIGNMENT
Jerome Powell: Navigating a New Course
UV7850
Rev Nov 11, 2019
Source: Harvard Business School
This exercise is designed to assess your ability to manipulate, interpret and analyze data based on a
real case. The assignment accounts for 25% of your course grade.
Should Powell have – or have not – raised interest rates? Read the case referenced on Powell’s decision
and use the AD/AS model to guide your answers to the following questions:
1. The case refers to Powell’s decision in early 2019. Look up data on GDP, unemployment, and
interest rates since then (https://fred.stlouisfed.org/). 25 points
2. How did the macroeconomy fare through 2019? Do you see evidence of a tightening of monetary
policy? 25 points
3. The FOMC will meet again in 2020. How would you brief the FOMC (or your manager at a firm)
on the current state of the US economy? What are the salient features of the data? 25 points
4. What is the case against raising interest rates (or for lowering rates)? Prepare a
recommendation based on the data and AD/AS reasoning. 25 points
INSTRUCTIONS
•
•
The assignment should follow APA or MLA guidelines – that is, your work should be referenced
appropriately and fully; double-space, 12-font, etc…
Do not email the assignment; submit a hard copy to me by April 16.
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