Government Intervention Program
Analyze 1 of the following government intervention programs:
Counter-cyclical fiscal policies (countering economic disruptions such as the housing bubble and the Great Recession)
U.S. agriculture support programs
Assistance for low-income families (choose 1):
Housing vouchers
Earned Income Tax Credit (including Child Tax Credit)
Supplemental Nutrition Assistance Program (SNAP)
Low-income health care (choose 1):
Medicaid (including Children’s Health Insurance Program).
Affordable Care Act expansion
Social insurance programs (choose 1):
Old Age, Survivors, and Disability Insurance (OASDI)
Medicare o Unemployment insurance
Address the following: (Hint:- Use of charts and graphs is encouraged with appropriate citations. Any charts or graphs retrieved from the Federal Reserve Bank of St. Louis FRED website may only be included when the data sources used by FRED are U.S. government sources such as the Bureau of Economic Analysis or the Bureau of Labor Statistics.)
Analyze the arguments for government intervention versus those for market-based solutions. Hint: See the information about market failures.
Examine who has been helped and who has been hurt by the selected government intervention.
Examine externalities and unintended consequences of the intervention.
Explain whether the cost of the intervention you selected, as a share of GDP or the number of participants, is increasing, decreasing, or varying with the state of the economy. Your analysis should be based on the cost trend (or the number of participants) since 2000 or since its inception if after 2000.
Analyze credible economists’ opinions on the success or failure of the intervention in achieving its objectives.
Recommend whether the program should be continued as is, discontinued, or modified based on your conclusions. Defend your recommendation.
Note: Use of charts and graphs is encouraged with appropriate citations. Any charts or graphs retrieved from the Federal Reserve Bank of St. Louis FRED website may only be included when the data sources used by FRED are US government sources such as the Bureau of Economic Analysis or the Bureau of Labor Statistics.
Cite at least 2 academically credible sources.
Format your assignment according to APA guidelines.
Grading Rubric
-Thoroughly analyzed the arguments for government intervention from a creative and innovative perspective.
-Thoroughly examined who has been helped and hurt by the intervention program from an insightful and creative perspective.
-Thoroughly examined externalities and unintended consequences of the selected intervention from a creative and innovative perspective.
-Thoroughly analyzed whether the cost of the intervention selected as a share of GDP or the number of participants had increased, decreased, or varied with the state of the economy, based on the cost trend (or a number of participants) since its inception or since 2000 from a creative and innovative perspective.
-Thoroughly analyzed credible economists’ opinions on the success or failure of the intervention chosen in achieving its objectives from a creative and innovative perspective.
-Thoroughly defended recommendations about whether the program should be continued as is, discontinued, or modified in a creative and insightful way.