Please help me proofread my research paper and I apologize for....

First of all, I would like to apologize to the Mod/s because I have posted this twice under the wrong section by accident. Once again, please accept my sincere apologies.

A Glance at Economy

The has the largest national economy in the world, the GDP for 2005 of 12.41 trillion dollars. Will the economy do as well in 2006 as it did in 2005? That may well depend on our GDP, inflation, unemployment, consumer spending, and business can make it through another year without any of the current economy’s big imbalances and unsustainable trends and whether to implement a tight or easy money monetary policy.

According to latest snapshot by Dallasnews.com showed that the gross domestic product (GDP) increased at an “annual rate of just 2.5% in the April to June period”, which is a big slowdown from the January to March quarter, when the economy was at 5.6% annual rate. The data trends at econedlink.org displayed the rate of inflation “increased by .3% percent in May” presents changes in the consumer price index without the influences of changes in the prices of food and energy. Statistics at bls.gov reported the “unemployment rate rose to 4.8%” in July which is .2% higher than last quarter. The Commerce Depart reported that consumer spending incline by “0.4% in June, down from a gain of 0.6% percent in May”. These revisions were partly offset by a downward revision to business investment and it declined at a 1% on equipment and software. If the Fed were implemented the “Easy Money Monetary Policy”, it would lower the interest rate which will encourage businesses borrow money for investment, therefore it would help the gross domestic product by producing more businesses. Increased borrowing means more spending, which causes the economy to expand and more jobs would be available to prevent unemployment and inflation.

To sum it up, while energy prices and interest rates inclining, it discourages borrowing. Consumers and businesses make less purchase, and businesses do not expand operations which will cause decrease GDP. Overall demand declines, and prices do not rise quickly. In order to keep the economy stabilize and be successful, the Fed must implement the easy money monetary policy.


Thanks in advance.