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Produce an evidence-based business report (3-5 pages) that makes fiscal and monetary recommendations to combat the hypothetical recession impacting the economy in the provided scenario.

Introduction

In this assessment, you will produce a business report that makes well-supported fiscal and monetary recommendations to combat a hypothetical recession impacting the economy.

It is generally thought that a recession occurs when the real GDP growth rate is negative for at least two consecutive quarters.Such thinking would have missed the first recession of this century and would have been about a year late in identifying the Great Recession. Although there is no formal agreed upon definition of a recession, a recession is generally acknowledged to be a material decline in the economy that lasts from a couple of months to over a year.

Scenario

You are an economic analyst at a large and influential investment firm. The firm's opinions influence clients directly but also indirectly influence others within the economy, including legislators, policy makers, and other actors and advocates. Your direct supervisor has requested that you create a business report that makes well-supported fiscal and monetary recommendations to combat a recession impacting the economy. Your report will be distributed to other analysts and consultants within the firm, who will use your recommendations to advise clients.

Requirements

Address the following in your business report. Where applicable, discuss multiple and even conflicting perspectives as you provide the richest context possible for your colleagues at the investment firm:

1. Analyze indicators that tend to lead to recession starting points.
2. Explain how specific fiscal and monetary policy changes can impact a U.S. economy in recession.

• Fiscal recommendations include decreasing taxes and increasing government spending.
• Monetary recommendations include decreasing interest rates and increasing the money supply through open market operations.

1. Assess how Keynesian and Austrian macroeconomic approaches would address a recession differently.

• Explain the assumptions that inform each schoolof economic thought.