1) Write a paper analyzing different approaches that might be used by Keynesian theorists and 2) monetary theorists to promote long-run macroeconomic stability. 3) Examine the impact of persistent budget deficits on the trade deficit and analyze the optioProject description1) Write a paper analyzing different approaches that might be used by Keynesian theorists and 2) monetary theorists to promote long-run macroeconomic stability. 3) Examine the impact of persistent budget deficits on the trade deficit and analyze the options available to policy makers when national savings presents opportunities to improve the trade deficit. 4) Appraise the position of supply-side economists as it relates to government deficits. 5) Evaluate recent national economic policies as they relate to the magnitude of the trade deficit and 6) analyze the arguments for protectionist policies and the effect, if any, upon the trade deficit.Paper Format 1,500 1,700 words, not including the reference (Works Cited) page. Verify this with word-count in Microsoft Word and include the actual word count typed at the bottom of the last page of text, before the reference page. The paper should be typed, double-spaced, on white paper, with page numbers centered at the bottom of the page. The title page should contain the following in this order: general topic: specific topic, students name, course name, date.Research SourcesStudents should use at least four different acceptable research sources excluding the course textbook. The quality and quantity of these references will determine the amount of points earned for research.Acceptable Sources: In general, citations from Internet websites will NOT count as an acceptable source unless the citation is from a U.S. government website. The Internet can be used to find on-line versions of publications, but such citations should be made only for articles that are published in paper form (i.e., can be found in a library). For instance, you could use a New York Times article that is downloaded from the Internet. Encyclopedias and abstracts are not valid sources. Cutting and pasting information from the Internet is plagiarism.Recommended Sources: The Wall Street Journal New York Times online (e-mail notices of this are available for free) CNN Financial News online The Economist (magazine) The National Review The National Bureau of Economic Research any academic and nonacademic journals library books Government publications (e.g., those of Bureau of Economic Analysis, Bureau of Economic Research, Commerce Department, U.S. Census, etc.)Format for Citations: Chicago Manual of Style OR MLA Handbook OR APA style (e.g., Diana Hackers reference book)Topic Paper Grading CriteriaThe purpose of the topic paper is to gain a deeper understanding of a theoretical economic concept through its application to real-world situations. Papers will be assessed according to the appropriate application of economic theory to the specific topic chosen by the student.Application of Economic Theory:Are concepts based in economic theory and supported by the real-world data? 0 10 pointsAre economic terms defined? 0 20 pointsAre economic concepts explained accurately? 0 45 pointsAre facts presented and cited accurately? 0 40 pointsIs a thorough understanding of concepts demonstrated 0 35 points
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