* Read the full scenario and all questions before you begin your response. The country of Argonia has experienced an expansionary period with rapid growth for the past 10 years leading to their rGDP doubling during this time. Recently there was a large earthquake that ended this phase and threw the country into a severe recession. Currently the rGDP has dropped by $10 million below the full employment level. The average inflation rate is 3%, the money multiplier is 4, the natural rate of unemployment is 6%, the current unemployment rate is 35%, and the government debt is 200% of rGDP. Step 5: Analysis Questions 1. Explain why you chose to act as the Federal Reserve Bank or the Federal government. 2. Explain what actions you chose to take to x the economy. 3. Explain how effective you expect your policy choices to be. What are the limitations of your agency's impact on the economy * Step 1: Start by thinking about what information you would need to nd the appropriate scal or monetary policies to x the economic problem. Step 2: Read the above scenario and record your observations about this economy. Step 3: What information can you use for your policies? What information is missing that would have been helpful to your policy making? Step 4: Craft a policy to x one of the problems you identied with this economy. Step 5: Answer the Analysis questions