You are the chief economic advisor of the president of

Reference no: EM13377169

You are the Chief Economic Advisor of the President of Dreamland. Right now the country has unemployment of 7.7 % . The country has suffered a severe recession few years ago and it is showing some signs of slow growth lately but lot of people are still out of jobs , federal annual budget deficit is $ 1 trillion a year and a national debt of $16 trillion. Its currency also has lost a lot of value against major foreign currencies creating a backlash from other major trading partners recently. Some manufacturing companies are moving out of the country in search of cheap labor and the ones at home are not doing as good and some big ones like auto are trying to cope well after coming out of bankruptcy . Energy , food and commodity prices are also relatively high and going higher , leading to some inflationary pressure in the economy and the housing market is in trouble with lot of foreclosures leading to a lot of Bank failures . Dreamland is also facing a huge trade deficit and approaching fiscal cliff . The President wants your smart advice. He wants to turn things around real fast and get the economy back on track with your help.

1. Advise your President in detail to save your job and get a good grade.
2. What would happen to his attempt to attain a balanced budget ?
3. How would the President tell that his economy is approaching equilibrium or getting better ?

Reference no: EM13377169

Questions Cloud

1 assume that all expenditure is summarized in the : 1. assume that all expenditure is summarized in the following consumption and investment functionsc 200 billion 0.8

Would you buy stock in this company are there questions : would you buy stock in this company? are there questions you would want answered before answering the original

While bob was walking in the park he found a 100 bill not : while bob was walking in the park he found a 100 bill. not finding the owner he decided to deposit it in his checking

Students should review the following statements and write : students should review the following statements and write 3-4 paragraphs that provide support for your answersmanagers

You are the chief economic advisor of the president of : you are the chief economic advisor of the president of dreamland. right now the country has unemployment of 7.7 . the

1suppose the fed decides to stimulate the economy assume : 1.suppose the fed decides to stimulate the economy. assume there is no cash leakage and required reserve ratio is 25

Using legitimate business publications and governmental : using legitimate business publications and governmental ebsites research the answers to the following questions?1. what

Monetary contraction suppose the central bank wants to : monetary contraction suppose the central bank wants to decrease the price level but the economy is already at the

The future 2055 the us economy is at full employment : the future 2055 the u.s. economy is at full employment. president north west is spending billions of dollars on

User Account

All Pages