Discussion:
Describe the current state of the following economic factors and analyze how each affects aggregate supply and demand:
• Unemployment
• Expectations
• Consumer income
• Interest rates
Develop a set of recommendations for the president regarding government spending and taxes based on the economic factors' current state.
Part 2 Evaluation of Recommendations:
Before you submit your recommendations to the president, decide as a team to evaluate the recommendations from different perspectives. Assign half of your team to evaluate the recommendations from a Keynesian perspective and the other half from the Classical perspective. Based on these evaluations, what adjustments will you make to your recommendations, if any?
Write a 1,050- to 1,400-word report that summarizes the recommendations.