This report analyzes two articles. The first article discusses slowing US job growth, rising wages, and the potential for expansionary fiscal policy to increase the budget deficit. It defines key economic concepts like expansionary fiscal policy, budget deficit, and labor market expansion, then applies these to the issue, considering implications such as inflation and the Fed's response. The second article examines China's economic challenges when the US Federal Reserve raises interest rates, causing capital outflows and currency decline. It defines Federal funds rate, rate of interest, and exchange rate, and discusses the impact on China's trade and financial sector. The report evaluates the applicability and usability of the concepts, offering recommendations for addressing the economic issues presented in the articles.
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