Name at least one fiscal policy and one monetary policy the federal government enacted in response to Coronavirus. • Label the policy as fiscal or monetary.
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- 25. Which policy is correctDifferentiate between monetary and fiscal policy.Addressing recession using Fiscal and Monetary Policy tools. Scenario - The US economy is currently experiencing recession. You have Fiscal and Monetary policy tools available to address this problem: A) To attack the problem of recession, you must select at least one Monetary Policy tool and one Fiscal Policy tool. Write down the name of your Fiscal Policy tool and your Monetary Policy tool. Think the options through and write down your choices. B) Please explain why you selected the tools that you selected and why you did not select the other choices? Do this for both monetary and fiscal policy tools! Specifically, explain what is so good about the tool you selected and what is not so good about the tools you did not select? Do this for both the Monetary Policy tool and the Fiscal Policy tool. The key here is to use some decision criteria in making your choice. C) Thoroughly and completely explain how your solution (both monetary and fiscal policy tools) would work to…
- Assume that as a result of the coronavirus and U.S. (Federal) Government policies to ameliorate or lessen the virus’ public health impact, the U.S. unemployment increases from 3.6% to 13.7% by May, 2020. As part of monetary and fiscal policies, however, beginning in the summer of 2020 the Fed purchases over $3.5 Trillion in U.S. government bonds and Federal Government transfers $5,000 to every U.S. adult over 18 years old (not in college…. sorry) financed by government debt. Then, as a part of its overall public health policies, the U.S. government begins to relax or loosen its previous travel and “shutter in” policies in the Spring 2021 so that people can now go to restaurants, movies or sporting events and the like more freely. Absent increases in the United States long run aggregate supply, the combined economic effects of such policies would most likely be:Assume that as a result of the coronavirus and U.S. (Federal) Government policies to ameliorate or lessen the virus’ public health impact, the U.S. unemployment increases from 3.6% to 13.7% by May, 2020. As part of monetary and fiscal policies, however, beginning in the summer of 2020 the Fed purchases over $3.5 Trillion in U.S. government bonds and Federal Government transfers $5,000 to every U.S. adult over 18 years old (not in college…. sorry) financed by government debt. Then, as a part of its overall public health policies, the U.S. government begins to relax or loosen its previous travel and “shutter in” policies in the Spring 2021 so that people can now go to restaurants, movies or sporting events and the like more freely. Absent increases in the United States long run aggregate supply, the combined economic effects of such policies would most likely be: A. Lower GDP growth. B. Higher rates of inflation. C. Higher unemployment rates…Explain in a tabular form any eight differences between Monetary and Fiscal Policy
- As you have learned in Unit 8 (this week), monetary and fiscal policy play important roles in economic stimulation and or stabilization. In this regard: Start with a brief introduction that explains use of Government policy to control the economy. When is it appropriate to use monetary and fiscal policy to stimulate or stabilize the economy? Look at both. When is it inappropriate to use monetary and fiscal policy to stimulate or stabilize the economy? Look at both. What specific fiscal policy tools would you use to stimulate aggregate demand and how? What specific monetary policy tools would you use to stimulate aggregate demand and how? What is your conclusion, should policymakers use the monetary and or fiscal policy, or a combination of both, to stimulate aggregate demand? Explain your reasoning.Addressing inflation using Fiscal and Monetary Policy tools. Scenario - The US economy is currently experiencing high rates of inflation. You have Fiscal and Monetary policy tools available to address this problem: A) To attack the problem of inflation you must select one Monetary Policy tool and one Fiscal Policy tool. Write down the name of your Fiscal Policy tool and your Monetary Policy tool. Think about the options through and write down your choices. Raising taxes will allow the problem of inflation to be solved much faster. The faster the smaller the multiplier. B)Please explain why you selected the tools that you selected and why you did not select the other choices? Do this for both monetary and fiscal policy tools! Specifically, explain what is so good about the tool you selected and what is not so good about the tools you did not select? Do this for both the Monetary Policy tool and the Fiscal Policy tool. The key here is to use some decision criteria in making your…Which of the following supports the argument for hands-off policy? A. Monetary policy does not impact the economy. B. Fiscal policy does not impact the economy. C. Fine-tuning is not compatible with our design capabilities. D. The economy has been fairly stable since World War II.