Specific in the attached file.
2301_writing_assignmnetsp17_js.docx

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WRITING ASSIGNMENT ECON 2301 SPRING 2017
The assignment is to be turned in on ecampus using SafeAssign and by hardcopy to the instructor.
Part One:
Assume the United States has a potential GDP of approximately $18 trillion. Use
economic indicators from the last eight quarters to make a determination about the state of
the economy, whether the U.S is in a recession, expansion or macroeconomic equilibrium.
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:




Real GDP
Unemployment rate
Labor Force Participation rate
Inflation rate
Part Two:
Using excel or other software, prepare a graph (AD-AS w/LRAS) showing the
economic situation you have stated in Part One. The graph should be clearly labeled.
Include a paragraph which describes the graph. Bar graphs, circle graphs and the
PPF are not appropriate graphs for this part.

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