Economics Report: Analysis of Economic Issues in US and China

This report analyzes two articles discussing key economic issues in the US and China. The first article examines the slowing job growth in the US, rising wages, and the potential impact of expansionary fiscal policy on the budget deficit and inflation. Economic concepts like expansionary fiscal policy, budget deficit, labor market expansion, and full employment are defined and applied to the issue, with implications and potential solutions explored. The second article focuses on the paradox faced by China when the Federal Reserve raises interest rates, leading to capital outflows and currency decline. Economic concepts such as federal funds rate, interest rate, and exchange rate are defined, and their impact on the Chinese economy is discussed. The report concludes by evaluating the arguments presented and providing recommendations for addressing the economic challenges highlighted in both articles.