What is the current macroeconomic situation in the United States What Essay

What is the current macroeconomic situation in the United States What fiscal policies and monetary policies would be appropriate at this time - Essay Example This also applies for the U.S. economy, especially in regards to its current macroeconomic situation. In view of the unemployment trends in the U.S., the trends have shown a sharp decline since 2008. The employment rates have steadily risen, with present data from the Labor Department showing that over 140,000 jobs have been created in the economy. This has led to the rate of unemployment dropping to slightly over 7.5%. Furthermore, the Bureau of Labor Statistics places the current inflation rates of the U.S. at below 2.5%. This has been occasioned by the constantly improving economy, with the most significant categories for maintaining the inflation rates low being consumer price index based factors such as shelter and consumer products (Vietor & Weinzieri, 2012). The reduced inflation rates coupled with the low unemployment levels in the U.S. have resulted in an overall increase in the GDP of the country. Furthermore, this is aided further by the diversity of the American economy as shown by the technology, finance and the other sectors that collectively result in the average incr ease in the rate of GDP increasing gradually. Moreover, such industries such as mining, industrial, farming and construction industry are the chief drivers that are involved in the creation of jobs, hence elimination of poverty and reduction in inflation consequently leading to economic growth occasioned by the GDP levels. However, in order to constantly maintain a worthy economic environment and hold all factors at economically feasible levels, varieties of factors are considered by the Federal Reserve authority responsible with formulating fiscal and monetary policies for the economy. As such, the Federal Open Market Committee can consider structuring their policies to ensure further economic prosperity. In consideration of the present macroeconomic situation in the U.S., the committee could consider reducing cuts on public goods, as this could eventually

Case Study Essay Example | Topics and Well Written Essays - 750 words - 29

Case Study - Essay Example This is also vital in increasing the customer numbers of the business which has increased the profitability. (Anonymous, 2010) Andy Garafallos success in the restaurant business does not come in solidarity but with the help of her three managers; Kelly, Daniella and Patrick. The manager’s attributes have been instrumental in the growth of the business. Kelly who is the kitchen manager exhibits good leadership skills. This can be observed in her ordering ability. This implies that she has taken control in the kitchen for work to flow effectively. She is also efficient in her work. This is important for a manager for it avoids wastes during the production process and this ensures that the profits are maximized. Kelly also is honest which a key characteristic of a good manager is. This enables that finances are held accountable without embezzlement and that she remains loyal to the job. Kelly has such difficulty getting along with the salespeople, delivery people, and wait staff. She need to improve her collaboration skills to enable her go along well with the salespeople. Danniella has strong communication skills. This ability enables him to convince and also understand the customers’ needs. This is vital for the growth and sustainability of the business. This consideration of putting the customers first is key to make them loyal to the business. She is also collaborative and this enable her to be very hospitable and welcoming to the customers which ensures that the customers comes again.However,Danniella needs to improve in her critical thinking and not become lousy in numbers. Her relationship with customers should go a long way to increase them. Patrick is ethical and has communication skills to make the customers to come. This is important in the business since customers tend to understand the products that are offered by the business.