What policy did the republican president use to address

Assignment Help Microeconomics

Reference no: EM131805854

The United States economy is experiencing a moderate economic downturn. The Republican President has addressed the downturn using stereotypical Republican methods.

The economy failed to improve significantly, although there WAS some improvement. During the next election, the American electorate felt that it was time for a change in the way Washington was handling our economy and elected a Democratic President.

This new President approached our country's macroeconomic instability in a stereotypical Democratic manner. This new economic policy did not significantly improve the economy either and the American electorate is extremely unhappy. YOU are running for President of the United States as an Independent candidate so that you are not forced into adopting an economic policy based on partisan reasoning.

Assuming that you are very charismatic and can get all branches and agencies of government to enact your policies, how would YOU address the problems? Please explain and use graphs to illustrate the following:

1. The original macroeconomic problem using an AD/AS graph.

2. What policy did the Republican President use to address the issue?

3. Illustrate and explain the results of the Republican's policy on AD, AS, and GDP.

4. Illustrate and explain the macroeconomic problem facing the Democratic President as they took office.

5. What policy did the Democratic President use to address the issue?

Reference no: EM131805854

Questions Cloud

Imposition of an ad valorem tax : Show that the imposition of a specific tax on a monopoly will reduce output more (and increase price more) than will the imposition of an ad valorem tax.

What type of economic policy did mexico follow : What type of economic policy did Mexico follow from the end of World War II until the 1980s?

What are the common defenses of protectionism : Write a short essay of about 750 words on the following topic: What are the common defenses of protectionism? Evaluate them.

Explain coase theorem : Please do not send any pictures, just text which can be copied and modified, thanks.

What policy did the republican president use to address : The original macroeconomic problem using an AD/AS graph.What policy did the Republican President use to address the issue?

Performance of nations by the concept of public goods : How does Mancur Olson explain differences in economic performance of nations by the concept of public goods?

What does this imply about the inflation rate in the us : What does this imply about the inflation rate in the US and Columbia during this time according to our long term exchange rate theory in the course?

Prepare journal entries to record the purchase of materials : Prepare journal entries to record the purchase of materials and their use in production

Determining the valid and invalid arguments : EXPLAIN in three to four sentences what the difference is between valid and invalid arguments.

User Account

All Pages