{"id":22246,"date":"2023-06-18T16:13:32","date_gmt":"2023-06-18T16:13:32","guid":{"rendered":"https:\/\/www.goodacademic.com\/blog\/questions\/you-are-an-economic-consultant-and-have-been-hired-to-give-recommendations-to-the-following-problem-convince-the-fomc-or-the-feds-to-implement-your-suggestions\/"},"modified":"2023-06-18T16:13:32","modified_gmt":"2023-06-18T16:13:32","slug":"you-are-an-economic-consultant-and-have-been-hired-to-give-recommendations-to-the-following-problem-convince-the-fomc-or-the-feds-to-implement-your-suggestions","status":"publish","type":"questions","link":"https:\/\/www.goodacademic.com\/blog\/questions\/you-are-an-economic-consultant-and-have-been-hired-to-give-recommendations-to-the-following-problem-convince-the-fomc-or-the-feds-to-implement-your-suggestions\/","title":{"rendered":"You are an economic consultant and have been hired to give recommendations to the following problem.  Convince the FOMC or \u201cThe FEDS\u201d to implement your suggestions."},"content":{"rendered":"<div><span style=\"cursor: auto; color: inherit;\"><b><font size=\"5\">-Executive summary needs to be 1 page<\/font><\/b><\/span><\/div>\n<div><span style=\"cursor: auto; color: inherit;\"><b><font size=\"5\">-Full Report needs to be at least 3 pages<\/font><\/b><\/span><\/div>\n<p><span style=\"cursor: auto; color: inherit;\"><\/p>\n<div><span style=\"cursor: auto; color: inherit;\"><br \/><\/span><\/div>\n<p>Social Security is forecast to run out of money in the next 15 years. Moreover, more and more citizens are not saving for retirement citing low wages, high inflation, high taxes (including the social security tax), and increased housing prices.<br \/>\n<\/span><\/p>\n<div><span style=\"cursor: auto; color: inherit;\"><br \/><\/span><\/div>\n<div><span style=\"cursor: auto; color: inherit;\">You have been hired by \u201cThe Feds\u201d to consult on better policy that will&nbsp;<\/span><\/div>\n<div><span style=\"cursor: auto; color: inherit;\">A) continue the viability of Social Security and&nbsp;<\/span><\/div>\n<div><span style=\"cursor: auto; color: inherit;\">B) entice citizens to plan for and invest on their own for retirement.  What analysis would you do and what recommendations would you give?<br \/><\/span><\/div>\n<div><span style=\"cursor: auto; color: inherit;\"><br \/><\/span><\/div>\n<div><span style=\"cursor: auto; color: inherit;\">You are an economic consultant and have been hired to give recommendations to the following problem.  Convince the FOMC or \u201cThe FEDS\u201d to implement your suggestions.<br \/><\/span><\/div>\n<div><span style=\"cursor: auto; color: inherit;\"><br \/><\/span><\/div>\n<div><span style=\"cursor: auto; color: inherit;\">Why should they do this?&nbsp;<\/span><\/div>\n<div><span style=\"cursor: auto; color: inherit;\">Give examples\/ideas<\/span><\/div>\n<div><span style=\"cursor: auto; color: inherit;\">It has to make $ sense to them!&nbsp;<\/span><\/div>\n<div><span style=\"cursor: auto; color: inherit;\">You are \u201cselling\u201d this idea. How do you convince the decision makers they should do this?<br \/><\/span><\/div>\n<div><span style=\"cursor: auto; color: inherit;\"><br \/><\/span><\/div>\n<div><span style=\"cursor: auto; color: inherit;\">Your report should include an Executive Summary as well as a full report.<br \/><\/span><\/div>\n<div><span style=\"cursor: auto; color: inherit;\"><br \/><\/span><\/div>\n<div><span style=\"cursor: auto; color: inherit;\">In the executive summary and in the report, give the BLUF!  (Bottom Line Up Front)<br \/><\/span><\/div>\n<div><span style=\"cursor: auto; color: inherit;\"><br \/><\/span><\/div>\n<div><span style=\"cursor: auto; color: inherit;\">Full Report Format:<br \/><\/span><\/div>\n<div><span style=\"cursor: auto; color: inherit;\">Title Page&nbsp;<\/span><\/div>\n<div><span style=\"cursor: auto; color: inherit;\">Table of Contents&nbsp;<\/span><\/div>\n<div><span style=\"cursor: auto; color: inherit;\">Executive Summary (<\/span><span style=\"color: inherit; background-color: var(--color-6); font-variant-ligatures: inherit; font-variant-caps: inherit;\">BLUF, details, conclusion)<\/span><\/div>\n<div><span style=\"color: inherit; background-color: var(--color-6); font-variant-ligatures: inherit; font-variant-caps: inherit;\">Full Report (BLUF, details, conclusion)<\/span><\/div>\n<div><span style=\"color: inherit; background-color: var(--color-6); font-variant-ligatures: inherit; font-variant-caps: inherit;\">Addendum, Appendix, and\/or Exhibits&nbsp;<\/span><\/div>\n<div><span style=\"color: inherit; background-color: var(--color-6); font-variant-ligatures: inherit; font-variant-caps: inherit;\">Sources<\/span><\/div>\n","protected":false},"excerpt":{"rendered":"<p>-Executive summary needs to be 1 page -Full Report needs to be at least 3 pages Social Security is forecast to run out of money in the next 15 years. Moreover, more and more citizens are not saving for retirement citing low wages, high inflation, high taxes (including the social security tax), and increased housing [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":[],"disciplines":[710],"paper_types":[],"tagged":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/22246"}],"collection":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions"}],"about":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/types\/questions"}],"author":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/comments?post=22246"}],"version-history":[{"count":0,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/22246\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/media?parent=22246"}],"wp:term":[{"taxonomy":"disciplines","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/disciplines?post=22246"},{"taxonomy":"paper_types","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/paper_types?post=22246"},{"taxonomy":"tagged","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/tagged?post=22246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}