DePaul University US Economy Paper Hello, i need help making some changes on the word file attached. The instructions that you need will be there as well.

DePaul University US Economy Paper Hello, i need help making some changes on the word file attached. The instructions that you need will be there as well. Thanks https://www.chicagotribune.com/coronavirus/ct-nw-coronavirus-economic-recession-20200608io4mzrtutfdaxa6ra5uj3zsqb4-story.html
By Christopher Rugaber
Associated Press
The U.S. economy entered a recession in February as the coronavirus struck the nation, a group
of economists declared Monday, ending the longest expansion on record.
The economists said that employment, income and spending peaked in February and then fell
sharply afterward as the viral outbreak shut down businesses across the country, marking the
start of the downturn after nearly 11 full years of economic growth.
A committee within the National Bureau of Economic Research, a trade group, determines when
recessions begin and end. It broadly defines a recession as “a decline in economic activity that
lasts more than a few months.”
For that reason, the NBER typically waits longer before making a determination that the
economy is in a downturn. In the previous recession, the committee did not declare that the
economy was in recession until December 2008, a year after it had actually begun. But in this
case, the NBER said the collapse in employment and incomes was so steep that it could much
more quickly make a determination.
“The unprecedented magnitude of the decline in employment and production, and its broad reach
across the entire economy, warrants the designation of this episode as a recession, even if it turns
out to be briefer than earlier contractions,” the NBER panel said.
The way the NBER defines recessions, they begin in the same month that the previous expansion
ends. Because the economy peaked in February, that is the month when the recession officially
began, rather than in March, when unemployment began to rise.
Financial markets had little reaction Monday to the NBER’s declaration. February is when the stock
market hit its own record high before stumbling into a severe downturn from which it has mostly
recovered, thanks to extraordinary stimulus and support measures from the Federal Reserve and
Congress as well as expectations that the worst of the economic pain may have passed.
The unemployment rate is officially 13.3%, down from 14.7% in April. Both figures are higher than in any
other downturn since World War II. A broader measure of underemployment that includes some of the
unemployed who have given up looking and those who have been reduced to part-time status is 21.2%.
On Friday, the government said that employers added 2.5 million jobs in May, an unexpected gain that
suggested job losses may have bottomed out. A recession ends when employment and output start to
pick up again, not when they reach their pre-recession levels. So it’s possible that the recession could
technically end soon.
That would make the current recession the shortest and deepest on record. It is expected to be followed
by an extended recovery before the economy manages to regain its pre-pandemic levels of production
and employment. Some economists say it could take two years or more, with the unemployment rate
likely still 10% or higher at the end of this year.
“The most important thing to focus on is the strength of the recovery, and that’s where the greatest
uncertainty lies right now,” said Ernie Tedeschi, policy economist at investment bank Evercore ISI.
It’s unclear, Tedeschi noted, whether the virus is under control, whether there will be a second wave or
whether or when a vaccine will be developed.
On Monday, the World Bank said the world was facing a health and economic crisis that has spread with
astonishing speed and will produce the largest shock the global economy has witnessed in seven
decades. It expects millions of people to be pushed into extreme poverty.
In its updated global outlook, the World Bank projected that international economic activity will
shrink by 5.2% this year, the deepest recession since a contraction in 1945-46 at the end of
World War II. The 5.2% downturn would be the fourth-worst global downturn over the past 150
years, exceeded only by the Great Depression of the 1930s and the periods immediately after
World War I and World War II.
In the U.S., states have begun reopening their economies, thereby allowing businesses to recall
some employees to work. But economic activity is returning only very gradually. A full recovery
won’t occur until Americans are willing to resume their previous habits of shopping, eating out,
and traveling. That might not happen until a vaccine is developed or testing is more widely
available.
Diane Swonk, chief economist at Grant Thornton, an accounting firm, said the NBER committee
might end up declaring this recession to have already ended in May based on the fact that hiring
rebounded that month.
“We could have the shortest recession in history — it seems ridiculous, but we could,” Swonk
said. Still, it will take much longer for the economy to rebound, she said.
“This bottom is going to be uniquely deep, and we don’t know how fast we will get out of the
bottom,” she said.
The AP’s Martin Crutsinger contributed.
8. There is a picture of a table at the very
end of the document. You will need to type
the data in that table into the table you just
created above. Erase that pic when done
Also do the following things:
1. Merge and center the title of the
table (top row)
2. Use the Word table function to
populate the Total row calculations
3. Use the autofit function on the table
4. Select that the table style options
that there is both a header and total
row
5. Apply a format to the table that
correctly applies formatting to both
the header and total rows.
9. Create formatting within the document so
that the last paragraph of the document
(even if it’s only 1 sentence), prints on it’s
own page, and this page is the only one in
the document that has a page border
(your choice which one) and prints
landscape, while the rest of the doc prints
portrait.
10. In the footer of the document, insert the
date and time using the Date & Time
function – make sure that it updates
automatically, and is not static. Choose
the option that lists the day of the week,
and then the date. (Example: Sunday,
November 27, 2016)
11. Use the bookmark tool to create a link to
the end of the document. Type your full
name on the coverage of the document
In this assignment, I have copied and pasted an
article. Name your document WordHmwk2 and
your last name. Do #1 first!
1. Take document and clear all formatting
2. After the text, Associated Press, at the
very top of the document, use a break to
create a new page that will allow the new
top page to be controlled as a section.
3. Now take this newly created cover page
and vertically center ONLY this page. Page
should maintain it’s vertical centering no
matter what is added to it, or to the rest of
the document. Every page after page 1
should remain as regular centering, not
vertical centering. DO NOT USE a Word
pre-formatted cover page.
4. At the top of the document is a URL,
format it so that it takes you to the web
page it is referring to.
5. For the paragraph that begins, “The
economists said…” apply 2 column
formatting, to this paragraph only.
6. Insert a page break after the paragraph
that begins, “Financial markets had little…”
Again, use the type of page break that
allows formatting to be controlled within a
section.
7. After the paragraph that begins “On
Friday, the government said….”, use the
table tools in Word to create a table that is
9 rows and 3 columns.
(your choice which one) and prints
landscape, while the rest of the doc prints
portrait.
10. In the footer of the document, insert the
date and time using the Date & Time
function – make sure that it updates
automatically, and is not static. Choose
the option that lists the day of the week,
and then the date. (Example: Sunday,
November 27, 2016)
11. Use the bookmark tool to create a link to
the end of the document. Type your full
name on the cover page of the document.
Create a Hyperlink/bookmark that when
your name is clicked on, it takes you to the
end of the document. Name the
bookmark whatever you like – just
remember some naming convention for
bookmarks.
12. Return to the cover page and insert page
numbers in the header of the document.
Make sure that the cover page displays
NO numbers (different first page) and
make sure you adjust the numbering so
that if the cover page DID have a number,
it would be the number 0.
13. This assignment should be done in Word
and turned in as a Word document.

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