Before I give my recommendation, here are any(prenominal) of my colleagues suggestions and my opinion. Raymond Burke suggests that the President should lower interestingness grade still to help business. This is a good short-term solution because it preface encourage consumers to spend more money which will growth the GDP. However, the federal reserve has control over the interest points not the president. Kathy Lee suggested raising taxes and reducing government spending. This would be a very good idea if the preservation was increment at an extremely fast pace which is not the case. If this manner is adopted, unemployment rate will increase further and GDP. Patricia Lopez suggests that the Feds leave the interest rates along and buy bonds in read to raise bank reserve requirements. This will increase gist supply as well as increase totality demand in the economy. It will also knock down unemployment hardly increase inflation. Allison Tanney suggests adopting an expansionary fiscal and monetary policy. This will increase summation demand and supply of the economy. Both policies will eliminate unemployment but make the economy grow at a speedy pace which will increase inflation.
As the senior frugal advisor, I would advise the president to adopt expansionary fiscal policies by either increasing government spending or change magnitude taxes in order to increase aggregate demand to aggrandize output. Moreover, I would also encourage the president to adopt the Keynesian monetary transmission in order to reduce the unemployment rate in the short-run. By increasing the money supply through and through lowering of interest rates, aggregate demand increases which will lead to increase of income for individuals and businesses. This will make businesses hire more nation leading to increase in output produced which will reduce unemployment. This will ultimately increase GDP and shift the economy from a recession to a recovery.If you want to get a full essay, order it on our website: Ordercustompaper.com
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