Question

For Analysis #3 choose a news article or op-ed of at least 300 words on a Macroeconomic topic covered in either Module 3 or Module 4. Use current events as an example.

Write-up: Your post must include the following sections in this order, with each clearly labeled:

APA citation

Brief Summary

Who? What? Where? When? Why? How?

Analysis/Critical Thinking

What specific concepts have you learned in the course that can be used to understand the event? Why do you believe this?

Analyze the validity of the author’s conclusions based on his or her understanding and use of economic concepts.

There is no extra information, however, the article have to be based on current events in the United States. Additionally, have to answer questions based on the Macroeconomic concept., and please include article you taking your information from by citing it.

Answer 1

The article is about the ongoing Covid 19 pandemic and its economic impact in four major economic powerhouses of America: California, Florida, New York and Texas and how different states tackled them.

Democratic administered California and New York handled the spread of the infection forcefully with lock downs and different advances that demanded a weighty cost for their economies. Republican-drove Texas and Florida, conversely, adopted an additional hands-off strategy.

Neither couple, up until now, has figured out how to pull off the dubious difficult exercise of getting and monitoring contaminations while cultivating an expedient and sharp monetary bounce back.

The outcome: A U.S. recuperation hampered by underperformance in four expresses that represent about 35per penny of the nation's financial yield.

The four states, which represent about 33% of the U.S. populace, are home to the nation's biggest and densest urban communities just as significant travel centers, ports and other foundation, and are top traveler objections.

"It's far-fetched the public economy completely recoups except if these four states do," said Oren Klachkin, a business analyst at Oxford Economics. "A dull, wading through situation presently seems to be the most probable way," especially as the effect of those four spills over into neighboring states and areas.

An Oxford file following the monetary recuperation shows California, Florida, New York and Texas as a gathering slacking in excess of 10 rate focuses behind the remainder of the nation.

US economic recovery hampered by wobbly performance in powerhouse states. (2020). Retrieved 12 October 2020, from https://www.channelnewsasia.com/news/business/us-economic-recovery-hampered-by-wobbly-performance-in-powerhouse-states-13063128