A next step is to locate collected from part one macroeconomic data for the time period. At a minimum, gather the following sets of data for your time period. Using a spreadsheet program (Excel, SPSS, etc.), shows data in table, identify each component and its value for particular year and then represent data graphically by plotting each of the macroeconomic measure (i.e. changes of unemployment rate over 3 years ) series separately (the data series on the vertical axis, year on the horizontal). Include a brief description of what the graph shows. Next step, regress GDP function of Lebanon, by using your favorite spreadsheet software. Represent estimated GDP for 2021 as a linear function. Provide full explanations and supporting calculations. Which components of GDP are statistically significant and which ones are not, based on your research? Written Component. After collecting and graphing the data, and learning something about the period, use the AD/AS model developed in class and in the textbook to analyze the important economic happenings. What are relationships between these components? Draw the appropriate graphs and include a text analysis of how and why the curves shift.
Based on your analysis, identify appropriate way (tools) to boost the economy of your country (fiscal/monetary policy). Carefully explain your point of view.