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Part One Assume the United States has a potential

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<p><span style="font-size:13.5pt;font-family:'Times New Roman';color:#111111;background-color:transparent;font-weight:400;font-style:normal;text-decoration:none;"> Part One:</span></p> <p><span style="font-size:13.5pt;font-family:'Times New Roman';color:#111111;background-color:#ffff00;font-weight:400;font-style:normal;text-decoration:none;">Assume the United States has a potential GDP of approximately $18 trillion</span><span style="font-size:13.5pt;font-family:'Times New Roman';color:#111111;background-color:transparent;font-weight:400;font-style:normal;text-decoration:none;">. Use economic indicators from the </span><span style="font-size:13.5pt;font-family:'Times New Roman';color:#111111;background-color:#ffff00;font-weight:400;font-style:normal;text-decoration:none;">last eight quarters </span><span style="font-size:13.5pt;font-family:'Times New Roman';color:#111111;background-color:transparent;font-weight:400;font-style:normal;text-decoration:none;">to make a determination about the state of the economy, </span><span style="font-size:13.5pt;font-family:'Times New Roman';color:#111111;background-color:#ffff00;font-weight:400;font-style:normal;text-decoration:none;">whether the U.S is in a recession, expansion or macroeconomic equilibrium</span><span style="font-size:13.5pt;font-family:'Times New Roman';color:#111111;background-color:transparent;font-weight:400;font-style:normal;text-decoration:none;">. You must explain and support your answer with information you have researched and learned during the semester. Any research that is used must be cited in the paper. This information should include the following:</span></p> <p> </p> <ul><li><ul><li> <p><span style="font-size:13.5pt;font-family:'Times New Roman';color:#111111;background-color:transparent;font-weight:400;font-style:normal;text-decoration:none;">Real GDP - done</span></p> </li> <li> <p><span style="font-size:13.5pt;font-family:'Times New Roman';color:#111111;background-color:transparent;font-weight:400;font-style:normal;text-decoration:none;">Unemployment rate - done</span></p> </li> <li> <p><span style="font-size:13.5pt;font-family:'Times New Roman';color:#111111;background-color:transparent;font-weight:400;font-style:normal;text-decoration:none;">Labor Participation rate - done</span></p> </li> <li> <p><span style="font-size:13.5pt;font-family:'Times New Roman';color:#111111;background-color:transparent;font-weight:400;font-style:normal;text-decoration:none;">Inflation rate -done</span></p> </li> </ul></li></ul>

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