A politician running for office has just made a public statement that the state of the U.S. economy has been deteriorating during the last decade. You are a journalist fact-checker and analyst for a political and economic website called “Macroeconomy Explained”. Your job is to write a short article evaluating the validity of the politician's statement by
1, focusing on the main economic indicators, namely the GDP, the inflation rate and the unemployment rate.
2, using the economic models and theories of the macroeconomy to offer an insightful economic analysis of the US economy in the last decade.
Question
Was the politician's statement correct? Explain. ( at least 300 words required)