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Essay / Research Paper Abstract
This 5 page paper focuses on a 2004 economics article written by Cooper & Madigan. Macroeconomic terms are pulled from the article and defined. Updated information is used to review the authors' predictions. Bibliography lists 5 sources.
Page Count:
5 pages (~225 words per page)
File: RT13_SA418eco.rtf
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Unformatted sample text from the term paper:
not too long ago. If the economy is coming out of recession, it seems to be doing so with gusto, at least according to this article. The piece explains that
the rate of growth is not discernible but predicted to be anywhere between 3.7% and 6%; however, authors claim that it is probably around 5% (2004, p.33). This is of
course good news, no matter how one evaluates it. Still, authors caution that now investors will wonder just what Greenspan will do in this improved economy (2004). Authors go on
to explain that the Fed did realize this was coming and that even a 6% increase is not off of their radar in terms of projections (2004). Hence, recent figures
is not that much greater than what was anticipated quite some time ago (2004). The article goes on to talk about Greenspans testimony in April of 2004 when he
appeared optimistic and expected jobs to surface (Cooper & Madigan, 2004). He however downplayed fears of inflation (2004). What people actually fear is a rate hike. Authors say: "The
timing of the first rate hike will be mostly based on the outlook for growth and jobs" (2004, p.33). Also, the article predicts that any shortfall in GDP will be
made up by summers end and that in the past--or at least through mid-2003--businesses were hesitant to grow (2004). They explain that firms were not sure that demand would hold
and so they had an incentive for delaying the ordering of goods (2004). It is also noted that now, demand has proven to be resilient (2004). Authors use survey results
to prove that in fact, there is a great deal more confidence in the economy and a satisfaction with the price of business supplies (2004). Statistics are also provided to
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