Discussion:
1. For this assignment, you should download the 2013 Economic Report of the President. Your task is to evaluate, in retrospect, some of the forecasts and analysis in the Economic Report.
a.Read chapter 2: "The Year in Review and the Years Ahead." You may skip the blue box sections of the chapter.
b.What level of productivity growth was projected for the next six years? Why was the projection revised downward?
c.What measures of inflation does the government focus on for its budget projections? Did the report forecast that rising inflation would be a problem or not, and was this forecast correct?
d.Choose one statistical table in the appendices. Identify a key fact or trend from the table, and explain why it is important.
2. Use the Shapiro Library resources to research the Glass-Steagall Act of 1933 and the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
a.What was the primary purpose of the Glass-Steagall Act?
b.What was the primary purpose of the Dodd-Frank Act?
c.Describe the economic reasoning that went into the development of each act.
d.Compare and contrast the Glass-Steagall Act in the Great Depression and the Dodd-Frank Act in the Great Recession. Include at least two similarities and two differences.