N N Use the given scenarios and the information you have learned about Fiscal and Monetary policy to complete the questions that follow everything she needs. The Business Cycle and the Problem a. The economy of Northhurst is currently experiencing GDP growth of over 7% with inflation rates of 4% and unemployment of 1% Jaelyn finds that everything she wants to buy costs m ore money, but her wages haven't increased. She is worried about being able to afford b. What stage of the business cycle is the economy currently in? What is the current problem in the economy? C. Does it need money in or out of the economy? d. What type of monetary policy is that? e. What type of fiscal policy is that? Doing any of these will the money supply and availability of credit. QUESTION 2 Directions: Use the given scenarios and the information you have learned about Fiscal and Monetary policy to complete the questions that follow everything she needs. The economy of Northhurst is currently experiencing GDP growth of over 7% with inflation rates of 4% and unemployment of 1% Jaelyn finds that everything she wants to buy costs m ore money, but fer wages haven't increased. She is worried about being able to afford a. The Federal Reserve notices this change in the economy and decide to take steps to correct it. They can use their 4 tools in the following ways: What will the Federal Reserve do to open market operations? b. What will the Federal Reserve do to the reserve requirement? C. What will the Federal Reserve do to the discount rate? d What will the Federal Reserve do to the interest on reserves? What impact will this have on loans from banks? QUESTION 3 7.5 p Directions: Use the given scenarios and the information you have learned about Fiscal and Monetary policy to complete the questions that follow Over the past 3 years, prices in Belarus have risen by 4%, as overall economic growth has increased by 5% while unemployment rates are 1.3%. Aram is finding that all goods, even necessities cost more at the stores. He is worried he may have to cut back on certain purchases. Congress and the President also notice this change in the economy and decide to take steps to correct it. They can use their 2 tools in the following ways: a. What will the federal government do to taxes? b. What will the federal government do to government spending? C. What impact will this have on consumer spending? 15 point QUESTION 4 Directions: Use the given scenarios and the information you have learned about Fiscal and Monetary policy to complete the questions that follow The economy of Northhurst is currently experiencing GDP growth of over 7% with inflation rates of 4% and unemployment of 1% Jaelyn finds that everything she wants to buy costs more money, but her wages haven't increased. She is worried about being able to afford everything she needs. money and eventually unemployment (increases/decreases) The Results businesses will get (more/less) As the money supply (increases/decreases) as the economy (expands/contracts) When that happens Jaelyn will see prices (rise/fall) 15 points QUESTION 5 Directions: Use the given scenarios and the information you have learned about Fiscal and Monetary policy to complete the questions that follow Over the last two years, the unemployment rate in Westerlight has risen from 4% to 8%, while GDP growth has been 1.5%. Milo, a citizen of Westerlight, currently doesn't have a job and although he is actively searching, has been unable to find one. The Business Cycle and the Problem What stage of the business cycle is the economy currently in? a. b. What is the current problem in the economy? C . Does it need money in or out of the economy? Save All Answ Save In d. What type of monetary policy is that? e . What type of fiscal policy is that? the money supply and availability of credit. Doing any of these will