U.S. Current Macroeconomic Situation:
Similar to the rest of the world, the macroeconomic conditions in the United States are currently fragile. This is mainly because the rate of unemployment is high though is slowly declining, the currency valuation is fluctuating up and down, and the European financial unrest has continued to have significant impacts on the nation’s economy. These conditions are coupled by a slow increase in manufacturing and upward trend of the stock markets. As a result of these macroeconomic conditions, there are huge speculations that the United States Federal Reserve will enforce more stimulus plans in attempts to boost the stalled recovery of the economy.
Macroeconomic Outlook for 2012:
The backbone of America’s economic recovery since the end of recent recession has been private consumption. The U.S. economy accelerated in the fourth quarter of 2011 and continued its slow recovery in the first quarter of this year after overcoming the negative effects from Japan’s natural disasters and the debt fiasco that occurred in early 2011. There are various indicators that show that the recovery continues to gain momentum such as the inching down of unemployment insurance claims and the increase in the average weekly hours in manufacturing. The other indicator of the gradual recovery of the economy is the fact that car sales are currently at pre-recession levels (“U.S. Quarterly Macroeconomic Review,” 2012).
However, the U.S. economic recovery is expected to remain volatile because of a combination of various domestic and external factors. In this case, the domestic factors are the three main sources of weakness i.e. financial contraction, lethargic demand for non-durables and services, and slow rise in construction of residential housing. On the contrary the external factors include the slowdown in emerging markets and the economic crisis in the euro zone.
While the unemployment rate remains high, it has declined or fell to 8.5% during this period of slow economic recovery. Consequently, the employment-population ratio has become stable, which is an indication of a possible turnaround in the employment outlook. Even though the initial unemployment insurance claims have continues to struggle to be below 400,000, the ongoing claims have declined below 4 million. However, this rate is still beyond the pre-recession levels of unemployment insurance claims.
While there are talks of another recession, the major concern is inflation, which is largely associated with printing more money. The inflation concerns are also fueled by the fact that quantitative easing, which is printing more money and buying bad debts by the Federal Reserve, has been used as a means of correcting some major issues like unemployment, the stock market, and the housing market. As a result, there is need for the government to outweigh cost and determine the necessary and acceptable level of inflation. Notably, core inflation remains low but volatility in major consumer inflation is an indicator of the huge shifts in the prices of food and energy. Consequently, the consumer prices are increasingly drawing closer to the inflation target, an indication of low inflationary expectations.
The United States economic recovery is largely affected by the housing market crisis and other loans that are going into default. Moreover, in addition to these loans, spending has largely decreased because of the high rates of unemployment. The downward spiral of demand has in turn contributed to a slight decline in the gross domestic product. As there are huge concerns about inflation due to quantitative easing, there have also been some concerns and talks about another recession. Quantitative easing could be an effective solution to fix the housing market crisis, the stock market crisis, and the high unemployment rates but it won’t fix inflation concerns that are likely to emerge.
Appropriate Fiscal and Monetary Policies:
With regards to the appropriate monetary and fiscal policies, there is need for close evaluation of the policy because it will be accommodating the current climate of the economy. While extending the accommodation of inflation can have significant negative effects, pulling away from it immediately can also have damaging impacts on the economy (Morris, 2010). As the current macroeconomic condition in the United States is troublesome to many Americans, the government should adopt an expansionary fiscal policy in which money is used to enhance the liquidity in the system.
Currently, the Federal Open Market Committee that makes decision for the Federal Reserve is attempting to stimulate the economy through quantitative easing. However, these attempts have been accompanied by increase in debt, which necessitates the need to do something about debt ceiling. The measures adopted by the FOMC are easy money policy tools that do little to ease unemployment and stimulate the flow of credit again. One of the most appropriate monetary and fiscal policies at this time includes tax breaks for the wealthy and big businesses that provide incentives to create jobs. Such policies would stimulate small business growth that could be helpful in getting the U.S. economy moving again. Secondly, the U.S. Federal Reserve should stop taking drastic actions like printing more money as the Congress is evaluating foreign trade.
Conclusion:
The current macroeconomic situation in America is volatile given the high unemployment rate and high inflationary rate. The appropriate monetary policy at this time is expansionary fiscal policy, which can be used to divert market crash, lessen the rate of unemployment, and increase the gross domestic product to enhance economic growth.
References:
Morris, K. (2010, October 7). Current Macroeconomic Situation. Retrieved October 18, 2012,
from http://socyberty.com/economics/current-macroeconomic-situation/
“U.S. Quarterly Macroeconomic Review — Q1 2012.” (2012, April 19). Macroeconomic
Quarterly. Retrieved October 18, 2012, from http://cebviews.com/uploads/2012/05/U.S.-Quarterly-Report-Q2_2012-FINAL.pdf
Get Professional Assignment Help Cheaply
Are you busy and do not have time to handle your assignment? Are you scared that your paper will not make the grade? Do you have responsibilities that may hinder you from turning in your assignment on time? Are you tired and can barely handle your assignment? Are your grades inconsistent?
Whichever your reason is, it is valid! You can get professional academic help from our service at affordable rates. We have a team of professional academic writers who can handle all your assignments.
Why Choose Our Academic Writing Service?
- Plagiarism free papers
- Timely delivery
- Any deadline
- Skilled, Experienced Native English Writers
- Subject-relevant academic writer
- Adherence to paper instructions
- Ability to tackle bulk assignments
- Reasonable prices
- 24/7 Customer Support
- Get superb grades consistently
Online Academic Help With Different Subjects
Literature
Students barely have time to read. We got you! Have your literature essay or book review written without having the hassle of reading the book. You can get your literature paper custom-written for you by our literature specialists.
Finance
Do you struggle with finance? No need to torture yourself if finance is not your cup of tea. You can order your finance paper from our academic writing service and get 100% original work from competent finance experts.
Computer science
Computer science is a tough subject. Fortunately, our computer science experts are up to the match. No need to stress and have sleepless nights. Our academic writers will tackle all your computer science assignments and deliver them on time. Let us handle all your python, java, ruby, JavaScript, php , C+ assignments!
Psychology
While psychology may be an interesting subject, you may lack sufficient time to handle your assignments. Don’t despair; by using our academic writing service, you can be assured of perfect grades. Moreover, your grades will be consistent.
Engineering
Engineering is quite a demanding subject. Students face a lot of pressure and barely have enough time to do what they love to do. Our academic writing service got you covered! Our engineering specialists follow the paper instructions and ensure timely delivery of the paper.
Nursing
In the nursing course, you may have difficulties with literature reviews, annotated bibliographies, critical essays, and other assignments. Our nursing assignment writers will offer you professional nursing paper help at low prices.
Sociology
Truth be told, sociology papers can be quite exhausting. Our academic writing service relieves you of fatigue, pressure, and stress. You can relax and have peace of mind as our academic writers handle your sociology assignment.
Business
We take pride in having some of the best business writers in the industry. Our business writers have a lot of experience in the field. They are reliable, and you can be assured of a high-grade paper. They are able to handle business papers of any subject, length, deadline, and difficulty!
Statistics
We boast of having some of the most experienced statistics experts in the industry. Our statistics experts have diverse skills, expertise, and knowledge to handle any kind of assignment. They have access to all kinds of software to get your assignment done.
Law
Writing a law essay may prove to be an insurmountable obstacle, especially when you need to know the peculiarities of the legislative framework. Take advantage of our top-notch law specialists and get superb grades and 100% satisfaction.
What discipline/subjects do you deal in?
We have highlighted some of the most popular subjects we handle above. Those are just a tip of the iceberg. We deal in all academic disciplines since our writers are as diverse. They have been drawn from across all disciplines, and orders are assigned to those writers believed to be the best in the field. In a nutshell, there is no task we cannot handle; all you need to do is place your order with us. As long as your instructions are clear, just trust we shall deliver irrespective of the discipline.
Are your writers competent enough to handle my paper?
Our essay writers are graduates with bachelor's, masters, Ph.D., and doctorate degrees in various subjects. The minimum requirement to be an essay writer with our essay writing service is to have a college degree. All our academic writers have a minimum of two years of academic writing. We have a stringent recruitment process to ensure that we get only the most competent essay writers in the industry. We also ensure that the writers are handsomely compensated for their value. The majority of our writers are native English speakers. As such, the fluency of language and grammar is impeccable.
What if I don’t like the paper?
There is a very low likelihood that you won’t like the paper.
Reasons being:
- When assigning your order, we match the paper’s discipline with the writer’s field/specialization. Since all our writers are graduates, we match the paper’s subject with the field the writer studied. For instance, if it’s a nursing paper, only a nursing graduate and writer will handle it. Furthermore, all our writers have academic writing experience and top-notch research skills.
- We have a quality assurance that reviews the paper before it gets to you. As such, we ensure that you get a paper that meets the required standard and will most definitely make the grade.
In the event that you don’t like your paper:
- The writer will revise the paper up to your pleasing. You have unlimited revisions. You simply need to highlight what specifically you don’t like about the paper, and the writer will make the amendments. The paper will be revised until you are satisfied. Revisions are free of charge
- We will have a different writer write the paper from scratch.
- Last resort, if the above does not work, we will refund your money.
Will the professor find out I didn’t write the paper myself?
Not at all. All papers are written from scratch. There is no way your tutor or instructor will realize that you did not write the paper yourself. In fact, we recommend using our assignment help services for consistent results.
What if the paper is plagiarized?
We check all papers for plagiarism before we submit them. We use powerful plagiarism checking software such as SafeAssign, LopesWrite, and Turnitin. We also upload the plagiarism report so that you can review it. We understand that plagiarism is academic suicide. We would not take the risk of submitting plagiarized work and jeopardize your academic journey. Furthermore, we do not sell or use prewritten papers, and each paper is written from scratch.
When will I get my paper?
You determine when you get the paper by setting the deadline when placing the order. All papers are delivered within the deadline. We are well aware that we operate in a time-sensitive industry. As such, we have laid out strategies to ensure that the client receives the paper on time and they never miss the deadline. We understand that papers that are submitted late have some points deducted. We do not want you to miss any points due to late submission. We work on beating deadlines by huge margins in order to ensure that you have ample time to review the paper before you submit it.
Will anyone find out that I used your services?
We have a privacy and confidentiality policy that guides our work. We NEVER share any customer information with third parties. Noone will ever know that you used our assignment help services. It’s only between you and us. We are bound by our policies to protect the customer’s identity and information. All your information, such as your names, phone number, email, order information, and so on, are protected. We have robust security systems that ensure that your data is protected. Hacking our systems is close to impossible, and it has never happened.
How our Assignment Help Service Works
1. Place an order
You fill all the paper instructions in the order form. Make sure you include all the helpful materials so that our academic writers can deliver the perfect paper. It will also help to eliminate unnecessary revisions.
2. Pay for the order
Proceed to pay for the paper so that it can be assigned to one of our expert academic writers. The paper subject is matched with the writer’s area of specialization.
3. Track the progress
You communicate with the writer and know about the progress of the paper. The client can ask the writer for drafts of the paper. The client can upload extra material and include additional instructions from the lecturer. Receive a paper.
4. Download the paper
The paper is sent to your email and uploaded to your personal account. You also get a plagiarism report attached to your paper.
PLACE THIS ORDER OR A SIMILAR ORDER WITH US TODAY AND GET A PERFECT SCORE!!!
