Budgetary policies are implemented by
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In the most recent economic downturn, what types of policies were actually implemented (fiscal, monetary, or both?) to stimulate the economy? Provide examples of the policies and tell if it was a success, and why?
Relate the Classical and Keynesian macroeconomic models and assumptions about economic behaviors and to economics policies implemented in the U.S. economy, specifically the 'Stimulus Package' by the Obama administration.
The U.S. Economy passed through what has now come to be known as 'The Great Recession'. The government and the Federal Reserve responded with different fiscal and monetary policies. Identify these Monetary and Fiscal policies implemented by the Federal Reserve and the government to deal with the recession. Evaluate the expected and actual effects of each policy. Your response needs to include the name of the policy, a description of the policy, the year it is implemented, and a discussion of expected and actual outcomes in terms of the GDP, unemployment, and inflation rates.