Developing a two thousand and one hundred word essay on economic outlook forecast that includes the following:
•Analyze the history of changes in GDP, savings, investment, real interest rates, and unemployment and compare to forecast for the next five years.
•Discuss how government policies can influence economic growth.
•Analyze how monetary policy could influence the long-run behavior of price levels, inflation rates, costs, and other real or nominal variables.
•Describe how trade deficits or surpluses can influence the growth of productivity and GDP.
•Discuss the importance of the market for loanable funds and the market for foreign-currency exchange to the achievement of the strategic plan.
•Recommend, based on your above findings, whether the strategic plan can be achieved and provide support.