This is a project for students of macroeconomics. The project is intended to enh

This is a project for students of macroeconomics. The project is intended to enhance critical thinking, research skills, writing skills, and student’s ability to apply concepts learned in class to real life situations.
This assignment is individual, however, it is okay if two or more students choose the same aggregate. Do not share your work with friends even if you are researching the same macro aggregate. Doing so will result to academic dishonesty and all involved will be awarded “0” (zero).
When economists forecast economic growth, they base their forecasts on what is going on key macro aggregates. Based on the aggregates, the economists can make conservative or progressive forecasts. Policy makers also determine which measures to implement depending on what is happening with key macro aggregates. That is, should they employ a contractionary or an expansionary policy? This assignment is intended to help you make a connection between theory and practice. By reviewing the aggregate of your choice and connecting that to related events and policy, you will attain a clearer picture of how thew economy functions.
Instructions:
The following are common macro aggregates:
inflation
Unemployment
GDP
Money Supply
Trade
Interest rates
Exchange rates
For your assignment, select one aggregate from the list. Collect data on that aggregate for the period 2015 to date. Ensure that your data are from a reliable source such as BLS, FRED, IMF/ World Bank, WTO, FED etc. Once you have collected data organize it (tabulate, graphs/ figures) and analyze for trends. In order to make meaning of trends break it down to quarterly and annual data. Examine changes from quarter to quarter and explain the final observed annual value. In addition, analyze the changes from year to year.
To explain the trends, conduct some research (literature review) to uncover events that could have occurred, and which could rationalize observed trends and changes. For instance, did the price of oil change? How could that have impacted prices and hence inflation? Were there changes in policy such as tariffs and quota restrictions? Can you attribute observed trade data to those changes? You get the idea?
For literature review, use credible journal articles (peer reviewed), credible websites (wall street journal, economist, Brookings, etc.), textbooks, and any other credible sources that you come across. Galileo/ Library should be your “friend”. When reviewing literature, take note of any policies implemented, it at all, and then using your observed data discuss why or why not such policies were (in) or appropriate. Be sure to include a brief summary of any policies that you came across.
Your paper should be 10-15 double spaced pages. Use APA style of writing. All sources of information must be cited in the text and included in your list of references. Before you start writing, review the rubric to ensure that you clearly understand all requirements for the paper including how it will be graded.
The paper should be uploaded by 11/30/2023.