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of unemployment, the business cycle, fiscal policy, monetary policy,
international trade, and demographics. You want to provide Cousin
Edgar with the most informed advice possible.
Situation D
After hearing of your taking this course in business economics, Uncle
Dan has e-mailed you asking for advice on his 100-acre corn farm. He
mentioned how, after 30 years of growing corn, he wishes to leave that
commodity’s market and enter a more profitable market instead. He is
thinking of subdividing his land and building homes and shops. He
reckons he could make a good profit by selling the homes and renting
the shops.
Before you can find time to answer Uncle Dan’s e-mail, you read the
piece “Will the Fed’s New Policies Revitalize the Housing Market?” on
page 896 of the textbook. Recognizing the costs and risks for Uncle Dan
in making the switch, you decide to research the economy in terms of
GDP growth rate, interest rates, level of unemployment, the business
cycle, fiscal policy, monetary policy, international trade, and
demographics. You decide to educate yourself about macroeconomics so
that you can provide Uncle Dan with the most informed advice possible.
Macroeconomic Paper as a Professional Report
Your paper should be organized into five parts as listed below.
1. Title Page: Name, class, and date
2. Introduction to situation but do NOT copy the scenario. Briefly
summarize the situation and identify the macroeconomic issue(s)
to be decided from the perspective of the organization.