Economics Assignment
Given that an economy is experiencing inflation in the 5-6% range and the Federal debt is at an all-time high, design an economic policy (that uses one or both of fiscal and/or monetary policy) to reduce the rate of inflation.
Make sure your exploration addresses the following:
o Define what fiscal policy is
o Explain the strengths and weaknesses of fiscal policy
o Define what monetary policy is
o Explain the strengths and weaknesses of monetary policy
o Given that the actual policy choice is somewhat normative in nature, outline the policy you would choose to use and justify the policy based on the strengths and weaknesses of your options.
o Describe which macroeconomic theory we reviewed you used as a basis to develop your policy.
Format your assignment according to the following formatting requirements:
o The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
o The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
o Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.