Ashford ECO 406: Week 2 – Assignment

Ashford ECO 406: Week 2 – Assignment

Due by Day 7. Applying Theory to the U.S. Economy. In a two- to three-page paper (not including title and references pages), evaluate the current state of the U.S. economy. Using your evaluation of the U.S. economy’s current state, explain how a Keynesian, Monetarist, and Neoclassical Theorist would each propose promoting economic growth. Discuss the cause and effect variables that each theory uses to explain business cycles. Support your work with at least two scholarly resources in addition to the textbook. You are required to format your paper according to APA style guidelines.

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The US economy is now in the third phase of the business cycle. This means that the economy has experienced growth and has somewhat stabilized.  Currently there is no inflation rate though the rate of unemployment is somewhat high. The economy has remained in this phase for the last five years. This situation in the economy can be explained differently and improved differently by the monetarists, Keynesians and the neoclassical theorists (Zzafirovski, 2001)

Keynesians would advocate for government intervention to reduce unemployment and steer the economic growth of the country. According to…

APA

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