Part B: The president has become discouraged with his current economic advisory team. He has searched the colleges and your name keeps coming up as one of the very best macroeconomic analysts in the country. After summoning you to the White House for a personal chat, you are convinced to take the offer and join the team. Your challenge is to design a three-point macroeconomic program to improve the economy of the United States within the next two years. It will include the monetary and fiscal policies you hope to implement. You will earn a total of 35 points in by following the following format: Paragraph 1 – General narrative (5 points) Summarize the problems being faced by our economy that your policies will address. It is okay if the problems identified are hypothetical and do not currently exist in our actual economy. Paragraph 2 – 1 st policy (9 points) Describe policy, identify as fiscal or monetary, explain why it was chosen (which problem it will help solve) and statistical results expected Paragraph 3 – 2 nd policy (9 points) Describe policy, identify as fiscal or monetary, explain why it was chosen (which problem it will help solve) and statistical results expected Paragraph 4 – 3 rd policy (9 points) Describe policy, identify as fiscal or monetary, explain why it was chosen (which problem it will help solve) and statistical results expected Paragraph 5 – Conclusion (3 points) Briefly summarize how your three-point plan will solve the problems mentioned in your opening paragraph.
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