Overview
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Select two of the three cases presented below and prepare a three full page written analysis of each case from top to bottom (six full pages total from top to bottom). These case studies provide a real-world application of the concepts you have studied during this course.
Case 1: Government Spending and Taxation
- Review Special Topic 1 of Macroeconomics: Private and Public Choice.
- Review Chapters 5 and 6 of Macroeconomics: Private and Public Choice.
Using the Government Spending and Taxation case, Chapters 5 and 6, knowledge you have gained in this course, and at least three additional credible sources, analyze the case by addressing the following:
- Describe how government spending and the composition of the government has changed in recent decades. In other words, in what areas has the government cut spending and in what areas has the government increased spending in recent decades?
- Determine if this change in government spending and composition will help Americans achieve a higher standard of living. Be sure to support all claims with research.
- Assess whether democracy can survive if the majority of U.S. citizens pay little or nothing in taxes but benefit directly from increased government spending. Why or why not?
- Propose the composition of government, government spending, and taxation that you believe would work best. Be specific and support your proposal with research.
Case 2: The Economics of Social Security
- Review Special Topic 2: The Economics of Social Security of Macroeconomics: Private and Public Choice.
Using the Economics of Social Security case, knowledge you have gained in this course, and at least three additional credible sources, analyze the case by addressing the following:
- Explain how the Social Security system’s basic principles differ from private insurance.
- Determine how Social Security affects the economic well-being of the black community compared to white and Hispanic communities.
- Assess if the current Social Security system promotes income equality. Why or why not?
- Propose how the Social Security system could be modernized to ensure long-term solvency and fairness in distribution. Be specific and support your proposal with research.
Case 3: Keynes and Hayek: Contrasting Views on Sound Economics and the Role of Government (Case 4 in the text)
- Review Special Topic 4: Keynes and Hayek: Contrasting Views on Sound Economics and the Role of Government of Macroeconomics: Private and Public Choice.
- Review Chapters 11 and 12 of Macroeconomics: Private and Public Choice.
Using the Keynes and Hayek: Contrasting Views on Sound Economics and the Role of Government case, Chapters 11 and 12, knowledge you have gained in this course, and at least three additional credible resources, analyze the case by addressing the following:
- Describe briefly how Keynes’s and Hayek’s economic theory and views differ.
- Contrast the two views on how savings impact the economy.
- Compare the two views on whether the economy would fluctuate, more or less, over the business cycle without government intervention. Be sure to address the inherent stability of the market economy and the impact of government interventions to steer the economy.
- Hypothesize on which economist theory, Keynes or Hayek, you believe is more credible and explain why. Be specific and support your hypothesis with research.
The Cases: Applying Economics to the Real World final project
- must be six to seven full double-spaced pages in length from top to bottom (not including title and references pages and formatted according to APA
- must include a separate title page with the following in title case:
- title of paper in bold font
- Space should appear between the title and the rest of the information on the title page.
- student’s name
- name of institution (The University of Arizona Global Campus)
- course name and number
- instructor’s name
- due date
- title of paper in bold font
- must utilize academic voice.
- must include an introduction and conclusion paragraph.
- Your introduction paragraph needs to end with a clear thesis statement that indicates the purpose of your paper.
- must use at least three credible sources published within the last 5 years in addition to the course text
- must include a separate references page that is formatted according to APA
Forbes, S., Lewis, N., & Ames, E. (2022). Inflation: What it is, why it’s bad, and how to fix itLinks to an external site.. Encounter Books.
Requirements: 6-7 Full Pages From Top to Bottom Times New Roman Size 12 Font Double-Spaced APA Format Excluding the Title and Reference Pages | .doc file
Please provide an answer that is 100% original and do not copy the answer to this question from any other website since I am already well aware of this. I will be sure to check this.
Please be sure that the answer comes up with way less than 18% on Studypool's internal plagiarism checker since anything above this is not acceptable according to Studypool's standards. I will not accept answers that are above this standard.
No AI or Chatbot! I will be sure to check this.
Please be sure to carefully follow the instructions.
Please be sure to include an introduction paragraph with a clear thesis statement at the end of it along with a conclusion paragraph.
No plagiarism & No Course Hero & No Chegg. The assignment will be checked for originality via the Turnitin plagiarism tool.
Please be sure to include in-text citations where necessary.