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Cousin Edgar is always thinking of the next business idea



    Situation C
    Cousin Edgar is always thinking of the next business idea. This time, he plans to invest in buying four gas stations. He reckons American consumers have come to accept the high gasoline prices, and estimates world prices for gasoline to increase even further with high demand from India and China. Besides, Cousin Edgar thinks he will make a good profit on the sale of convenience items at each station. But before
    buying the gas stations, he decides to ask for your advice because you are taking this course in business economics.
    You happened to read the piece “Bank Lending Signals a Strengthening Economy” on page 856 of the textbook. Cousin Edgar needs financing for his new business, but you realize there are more macroeconomic factors he needs to consider in timing his 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 Cousin Edgar with the most informed advice possible.

    Macroeconomic Paper as a Professional Report
    Your paper should be organized into five parts as listed below.
    1. Title Page: Name, class, and date
    2. Introduction to situation but do NOT copy the scenario. Briefly
    summarize the situation and identify the macroeconomic issue(s) to be
    decided from the perspective of the organization.
    3. Relevant Economic Principles: Determinants of Demand, Supply, etc. and
    Relevant Data
    Identify the variables that are critical in addressing the issue(s).
    Gather and present the relevant data on the variables by searching the
    DeVry Online Library. Ask a librarian for help if needed. Use in-text
    citation to report the source(s) of the data. Graphs may be included
    here.
    4. 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.
    5. References

    List the full references for at least five sources alphabetically in APA format.