ECON-545 Business Economics – Week 6 You Decide

ECON545 – Week 6 You Decide

ScenarioThe U.S. economy has fallen into a recession. It is a severe and deep recession, and one that some economic analysts say may persist for at least another year. The unemployment rate has risen to levels not seen in over 20 years. The current unemployment rate is at 8% and is expected to rise further. The inflation rate is -2.4 percent, meaning that overall, prices are falling.

 

Your RoleYou are the new senior economic advisor to the President of the United States, and he has asked for your recommendation on how to proceed. Since you are an experienced Washington consultant, you know that you should first consult several other experts and get their advice. The following colleagues have expressed their insights and recommendations.

  

Week 6: Monetary and Fiscal Policy – You Decide

 

Y O U  D E C I D E

 

Scenario, Your Role, Key Players

   

 Y O U  D E C I D E 

 

Activity

 

Your task is to take this advice and produce your own recommendation to the President. Do not simply choose one person’s advice; pick and choose from each recommendation that you receive. Be sure to list what you believe and why you believe it is sound advice from each of your colleagues along with what you disagree with and why you disagree with your colleagues. Then, produce a consolidated recommendation of your own. Your submission should be approximately one page (250 words) in length, double-spaced.