Question #1

A) Say the economy is in recession and you are the newly hired Federal director of fiscal policy and have been given the job of creating policies for the next four years that will aid the economy in emerging from recession and beginning a course of healthy economic growth. Based on the assigned reading from the text and any additional scholarly sources you choose to draw from, describe what you will do to succeed at this task.

B) Here the requirements are the same as for A) above, except that in this case the economy is growing rapidly, inflation is rising, and your goal is to bring inflation and growth down to "normal" rates.