Rick, your friend, runs a small manufacturing plant that produces parts for the auto industry. Rick is thinking of expanding his operations to meet the increasing demand from car manufacturers. Hearing of your taking this course in business economics, he asks you for advice on how to go about making the expansion decision. You realize that Rick needs to take a number of macroeconomic variables into consideration for the expansion decision. You decide to research the economy in terms of GDP growth rate, interest rates, level of unemployment, the business cycle, fiscal policy, monetary policy, international trade, and demographics. You want to provide Rick with the most informed advice possible.
Briefly summarize the situation and identify the macroeconomic issue(s) to be decided from the perspective of the organization 1. Business cycles 2. Unemployment 3. Inflation 4. International—comparative advantage 5. Exchange rates trade 6. Monetary policy 7. Interest rates 8. Fiscal policy 9. Unemployment 10. Recommendations and Economic Justification Formulate and present your recommendations for addressing the issue(s) based on the relevant data and economic principles identified above. Justify your recommendations in terms of the economic impact on those affected. 11. References List the full references for at least five sources alphabetically in APA format
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