Scenario: As a leading US Economist, both the Federal Reserve and Federal Government are looking to you for suggestions on how to handle these Economic problems. Explain in a paragraph one action you would suggest to the Federal Reserve (monetary policy) and one action you would suggest to the Congress (fiscal policy) to help make the economy "healthy" again. How will the action you choose help the situation? What do you expect the outcome to be from your actions? Approximately how long do you anticipate for the actions to make an impact?

Economic Scenario #1: GDP is down for 3 consecutive quarters. Unemployment rate is up. CPI is stable. Investments are down.