Please read attached

This class is Macroeconomic. This is a discussion board.

Write Two paragraphs check grammar and spelling. Cite and reference please. Below are the instructions from the professor. Please the 3 sources below:

1. Shadow_Economy_Simon_Constable.pdf

2. Chinese Way of Doing Business_ In Cash We Trust - The New York Times.html

3. Chapter 8-Glenn Hubbard & Anthony O’Brien (2021) Macroeconomics 8th Edition, Pearson publisher.  ( https://plus.pearson.com/home if you need access to the this textbook use this link. Username: [email protected] and password: Manzana24 )

The above article of the New York Times  describes the much greater use of cash instead of checks and credit cards in market transactions  in China. Many economists believe that the rise in the use of cash is strongly related to growth in the so-called underground (informal ) economy.

Please after you read the above 3 sources do the following: 

Topic #1. Related to the above articles in Wall Sreet Journal ( March 5 2017) and the New YorkTimes. After reading the chapter 8 and these articles ( if you refer to other articles do cite them) please discuss by briefly answering these two questions:

a) What is the shadow economy?

b) Why does it matter?

If you need any questions about this you can reach me in WhatsApp 313-844-1006