Three small African economies, namely, Rwanda, Chad and Togo republics have asked you to be their economic consultant. Rwanda uses orthodox Keynesian economic policies, Chad uses monetarist policies and Togo is a supply-side focused economy. Some higher-than-normal unemployment rate currently exists in each economy and you know that it has been caused by a supply shock. The Finance Minister of each respective country is assumed to be familiar with the AD-AS (aggregate demand / aggregate supply) model.

Question

The Rwanda (Keynesian) Finance Minister asks you how to alleviate the unemployment that exists in the economy. What advice would you give the Finance Minister? Include graph

Question

The Chad (monetarist) Finance Minister asks you for recommendations to alleviate the unemployment. What advice would you give the Finance Minister? Include graph

Question

The Togo (supply-side) Finance Minister asks you for recommendations to alleviate the unemployment. How would you reply? Include graph