Question

Use the first web site listed below to find the budget surplus or deficit for the last 5 years. Use the second web site to find the unemployment rate during those same years. Explain whether you think fiscal policy was appropriate during the last 5 years, assuming the economy is at the full employment level when the unemployment rate is 5 percent. Make your reasons clear.

The Congressional Budget Office is charged with providing nonpartisan analysis of the economy and the budget to Congress. Go to their home page (see the URL below), click on “Historical Budget Data,” and then select the Historical Budget Data - Jun 2017. Open the excel document, select the Deficits, Surpluses, and Debt tab at the bottom and write down the numbers for the past 5 years, which are present in the seventh column, the Total Deficit (-) or Surplus.

http://www.cbo.gov/topics/budget

The Federal Reserve Bank of St. Louis maintains a free database of economic data called FRED. Go to the page (find the URL below), search on the term unemployment and click on “Civilian Unemployment Rate.” Look at the chart to get the unemployment rate over the last 5 years.”

https://fred.stlouisfed.org/

Use the first web site listed below to find the budget surplus or deficit for the last 5 years. Use the second web site to find the unemployment rate during those same years. Explain whether you think fiscal policy was appropriate during the last 5 years, assuming the economy is at the full employment level when the unemployment rate is 5 percent. Make your reasons clear.

The Congressional Budget Office is charged with providing nonpartisan analysis of the economy and the budget to Congress. Go to their home page (see the URL below), click on “Historical Budget Data,” and then select the Historical Budget Data - Jun 2017. Open the excel document, select the Deficits, Surpluses, and Debt tab at the bottom and write down the numbers for the past 5 years, which are present in the seventh column, the Total Deficit (-) or Surplus.

http://www.cbo.gov/topics/budget

The Federal Reserve Bank of St. Louis maintains a free database of economic data called FRED. Go to the page (find the URL below), search on the term unemployment and click on “Civilian Unemployment Rate.” Look at the chart to get the unemployment rate over the last 5 years.”

https://fred.stlouisfed.org/

Answer 1