Describe and explain how the study and application of macroeconomics influences the wellbeing of a nation and the role and responsibility of the federal government in smoothing out the business cycle, i.e reducing inflation and unemployment during the peaks and troughs. Explain and evaluate the current macroeconomic conditions in the terms of whether the government is doing to much or to little. Explain your interpretation of alternative policies, including your social responsibility and displaying some degree of critical thinking, empirical and quantitative competency. – Must be at least 650 words long -do not use words directly from textbooks or sources using quotations. -answers should be prepared in paragraph form. The paper should have an introduction that includes a topic sentence and paragraphs that elaborate different points in support of the topic. The paper should also have a concluding paragraph that summarizes the topic. your answer should address all parts of the question.
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