Solved by verified expert:All I need is at least one single-spaced page also the FRED assignment to be completed in both strictly your own words as you would write as you speak!
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Short Paper 4
Format: The paper must be at least one single-spaced page, written in 12-point, Times New
Roman font, and with 1 inch margins on all sides. If your paper fails to meet any of these
criteria, you will be heavily penalized.
Topic: As described by one of its most prominent supporters, a federal job guarantee would
give everyone the option “to work in a public sector program… Each job offered under a
federal employment assurance would be at a wage rate above the poverty threshold, and
would include benefits like health insurance. A public sector job guarantee would establish a
quality of work and the level of compensation offered for all jobs.” (Darity, 2016) Basically,
“[it] is a permanent, federally funded, and locally administered program that supplies
voluntary employment opportunities on demand for all who are ready and willing to work at
a living wage.” (Tcherneva, 2018) Drawing on what we’ve learned in class, construct an
argument for why you think such a policy would either increase or decrease economic
volatility in our country. Then also construct an argument either generally for or against such
Tcherneva, quoted above, has also created a handy FAQ page for this policy, which might
address some of your concerns and questions. You can find it here:
1. Use data from FRED to construct, for your own country or a country of your
choosing, charts for the growth rate of real GDP, consumption (which will be listed
as “real personal consumption expenditures”), investment (“real gross private
domestic investment”), public expenditure (“Real Government Consumption
Expenditures and Gross Investment”), and net exports (“Real Net Exports of Goods
and Services”). To get the growth rate, click on Edit Graph and make sure the Units
are set to “Percent Change From Year Ago” for each variable. You can print out
separate graphs for each variable, or include them all on the same graph.
Print out the charts that you have constructed.
2. How has government expenditure evolved in your own country throughout the period
for which data is available?
3. Comment on the relationship between the growth rate of output and government
spending during this period.
4. Describe the volatility of government spending and net exports relative to that of
GDP and suggest an explanation for the patterns you observe.
5. Describe any other patterns you observe.
6. Now construct a single chart which has real GDP growth, the unemployment rate,
and the inflation rate for the US. Select the period from 1960 until the most recent
year available. For the inflation rate, you’ll want to use the Consumer Price Index
For All Urban Consumers: All Items, and be sure to adjust the units from Index to
Percent Change From Year Ago. Print out the chart that you have constructed.
7. What do you notice about the evolution of unemployment and inflation in the early
8. Write a brief report on the evolution of inflation, unemployment, and the real GDP
growth rate over the post-1960 period.
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