Economics homework help – Coursework Geeks

12/5/2020Extra Credit: Case StudyExtra Credit: Case StudyDue Sunday by 11:59pmPoints 0Submitting an external toolYou will be given a hypothetical economic situation and are tasked with applying your economicprowess to fix the economy. Your response should be 1½ – 2 pages (400-600 words). There are amultitude of “correct” answers and you should provide a unique description and explanation foryour answer. This type of assessment helps you demonstrate your own knowledge while alsohelping to prevent and detect plagiarism. You do not necessarily need to use all of the informationin the scenario to successfully answer the questions. Read the full scenario and all questionsbefore you begin your response.If you have any questions about how to complete this assignment please contact me through theCanvas Inbox!Situation A:The country of Argonia has experienced an expansionary period with rapid growth for the past 10years leading to their rGDP doubling during this time. Recently there was a large earthquake thatended this phase and threw the country into a severe recession. Currently the rGDP has droppedby $10 million below the full employment level. The average inflation rate is 3%, the moneymultiplier is 4, the natural rate of unemployment is 6%, the current unemployment rate is 35%, andthe government debt is 200% of rGDP.
1. Choose to act as either the Federal Reserve Bank or the Federal government and explain yourchoice.2. Explain what actions you would take to fix the economy. (Be as specific as possible – includingtimeline, actual policy choices and calculations if applicable).3. Explain how effective you expect your policy choices to be. What are the limitations of youragency’s impact on the economy?
Submission Instructions1. Save your document with your last and first name and assignment title (i.e.JohannsenRebecca_CaseStudy).https://canvas.pasadena.edu/courses/1107469/assignments/86218691/212/5/2020Extra Credit: Case Study2. Submit through Canvas. There is a link in module 7 at the end of the assignment description.Turnitin ErrorSorry, we could not process your request.“oauth_consumer_key” value is missing or not valid.Copyright © 1998-2020 Turnitin, LLC. All Rights Reserved.Helpdesk  (https://help.turnitin.com/feedback-studio/lti/lti-home.htm)https://canvas.pasadena.edu/courses/1107469/assignments/86218692/2
 
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