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What general fiscal and monetary tools are available to you

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Reference no: EM131625954

This course is Public Budgeting & Finance

Please give detailed response to the following

Discuss the steps that government should take to address this situation. You can use the discussion of the government response to the Great Recession as a guide, but feel free to innovate and modify your response as you see fit. Be sure to address at least some of the following:

  1. What general fiscal and monetary tools are available to you? Do you prefer one over the other? If so, why? What are the pros and cons of using one or the other?
  2. Would you save the banks again given that they obviously learned little from the Great Recession experience? If so, what would you demand in return?
  3. Would you float a stimulus bill to address falling demand in the economy? If so, what type of stimulus would you recommend?
  4. What do you propose about the worsening unemployment?

Reference no: EM131625954

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