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Appreciate the help! *Assume that you have been chosen to be an economic advisor to the U.S. President and you have been asked to have
Appreciate the help!
- *Assume that you have been chosen to be an economic advisor to the U.S. President and you have been asked to have ready for his policy team a White Paper on the general characteristics that would constitute an ideal and effective fiscal policy to deal with the economic slowdown caused by the pandemic. Note that this is a summary of policy in general, not a specific policy for this fiscal situation. In the White Paper set out (and use hypothetical examples if appropriate): **What what are the likely root causes of recessions why might fiscal policy be necessary to soften the downturn? **What are are the general characteristics of an ideal fiscal policy?**What are our our general policy options and what are the strengths and weaknesses of these options? **What is fiscal policy policy devised to accomplish with regard to the major indicators of the economy, i.e., how would we measure success? **How will fiscal policy ideally ideally be financed and why does financing matter? **What lasting effects, if any, should should this policy have on behavior and the economy?
*If you can help me understand better in details. Thanks!
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