For this task you will write a persuasive letter, create a PowerPoint presentation, or create a...

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Economics

For this task you will write a persuasive letter, create aPowerPoint presentation, or create a video presentation to respondto a scenario.

Scenario

You just got hired as an economic advisor to the President ofthe United States. You have a difficult task ahead of you.Currently the country is stuck in a crippling recession. Theunemployment rate has risen to 8%, and your predecessor made theunwise decision of printing more money to solve the problem. Now,along with the high level of unemployment, the inflation rate isrising rapidly. The President has given you full access to all ofthe resources the government has to offer. You are tasked withstabilizing the economy within one year. If you succeed, thePresident will make you his next Secretary of Commerce. If youfail, you will be sent to the basement of the White House toalphabetize old documents for the rest of your career.

Performance Task Options

  1. Persuasive letter: Write a persuasive letterto the president explaining your plan for fixing the economy.
  2. Presentation: Create a PowerPoint or GoogleSlides presentation you would share with the president, outliningyour plan to fix the economy.
  3. Video presentation: Create avideo presentation you would share with the president, outliningyour plan to fix the economy.

Requirements

In your response, you must include the following:

  • The involvement of at least one regulatory agency withspecifics on how it will help.
  • The involvement of the Federal Reserve in creating a successfulmonetary policy.
  • A strategy to redistribute wealth to the people who arestruggling.
  • A proposed budget for the upcoming year that focuses on theeconomic needs of the American people.
  • A strategy to stabilize the economy and reverse the rise inunemployment and inflation.
  • A proposed tax plan that will spark the economy and relieve thefinancial burden of people with a lower income.

Answer & Explanation Solved by verified expert
4.4 Ratings (918 Votes)
To Mr President I am writing to suggest a few initiatives to stabilise economy In the past we have two major events of depressionary and recessionary gaps 1930 Depression and 2008 subprime crisis During both these times government had adopted expansionary fiscal and monetary policy In    See Answer
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