Question
You have been selected to prepare a brief report to the president of the United States advising him or her about the most appropriate economic
You have been selected to prepare a brief report to the president of the United States advising him or her about the most appropriate economic policy for the country. paper should include which you review the current economic indicators (GDP, Unemployment, CPI, Inflation, etc.) and then make recommendations regarding both Fiscal and Monetary Policy. Although, as we have learned, the president of the United States plays somewhat of a limited role in the direct formulation and implementation of macroeconomic policy, nevertheless each president can have significant influence by articulating their vision for the best direction for the economy in the United States. It is this vision that you are being asked to help the president articulate. Areas for you to consider, for example, should tax be lowered, raised, or left the same? Should government spending be cut, increased, or stay the same? What contractionary or expansionary monetary policy would be recommended for the Federal Reserve to undertake? Should the Fed sell bonds or buy bonds? Or perhaps the Fed should change the discount rate? Use current economic data (BLS, BEA, etc.) to back up your recommendations.
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