GDP Effect of Fiscal and Monetary Policy
a) GDP depends partly upon Investment and consumption spending. If the economy is in a persistent recession what can the Congress and Administration do to improve the GDP?
b) What can the Federal Reserve do to improve the economy is Consumption and Investment depend partly on interest rates?
c) As dictator of the U. S. economy what is your recommended course of action? Explain how your option works to improve the economy and take into account any secondary impacts.