The economy is in a recession. Unemployment is high. You can choose to either be President of the United States or Chairman of the Fed. Explain what actions you would take by answering the following questions:

i. Who are you, the President or the Chairman?

ii. Would you recommend an expansionary or contractionary policy?

iii. What specific tool would you recommend?

iv. Why do you think your actions would work to help the economy perform better?

Your answer: