Your task is to research the possible events/causes that created the expansion and the subsequent recession and recovery. Your research should include major macroeconomic concerns such as:
a. Inflation
b. Budget deficit/surplus
c. Unemployment
d. GDP
e. Fiscal/Monetary Policy
Write a 5-8 page paper that discusses the factors that contributed to the late 1990s and mid to late-2000s expansion and subsequent recession and recovery. Your paper should answer the following questions.
f. What factors contributed to the lengthy expansion and subsequent recession and recovery (aggregate supply/demand, planned investment, global issues, national disasters, etc.)? Discuss the history of the expansion and what led up to the Great Recession of 2007/2008.
g. What fiscal policies and/or monetary policies were used to influence economic changes?
i. What influence did the President, Congress, or Federal Reserve have in the economy?
ii. What were the results of their attempts to change the economic situations?
h. Consider the general ingredients for continued economic growth and how they relate to the production possibilities analysis and long-run aggregate supply factors. What do you forecast for the economic future of the US?
i. Use data to support your assertions.
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