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Essay / Research Paper Abstract
This 3 page paper discusses recommended fiscal policies to improve the current U.S. economy. Bibliography lists 6 sources.
Page Count:
3 pages (~225 words per page)
File: D0_HVEcnPol.rtf
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Unformatted sample text from the term paper:
around should convince anyone that for the average American, things are not good, and havent been good for a long, long time. Wages are stagnant, benefits are more expensive
or nonexistent, businesses are cutting jobs or outsourcing them, and there is a ruinously expensive war in Iraq that has to be paid for. The deficit is growing daily,
and there appears to be no end in sight; only the very wealthy are doing well, but then the elite are almost never affected by economic downturns, no matter how
bad they are. This paper makes suggestions as to the fiscal policies the U.S. might follow, given the current state of the economy. Discussion The Bureau of
Economic Analysis, which is part of the Department of Commerce, had this to say about the performance of the economy in 2005 as opposed to 2004: "Real gross domestic
product, the most comprehensive measure of economic activity, increased 1.1 percent in the fourth quarter after increasing 4.1 percent in the third quarter, according to estimates released today by the
U.S. Bureau of Economic Analysis. Annual growth in 2005 was 3.5 percent compared with 4.2 percent in 2004" (Stewart, 2006). The downturn is attributed largely to a drop
in consumer confidence as well as a decrease in federal spending. (Stewart, 2006). Part of that lack of consumer confidence may very well be that fewer and fewer Americans
have any trust in this Administration, and so they are saving as much as they can in case they lose their jobs; and part of it is undoubtedly due to
cyclical instability, which is a phenomenon that is well-known to economists. The "most commonly observed cyclical phenomenon in the U.S. economy has been the so-called business cycle with an
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