Suggest how fiscal and monetary policy can move those numbers to an acceptable level keeping inflation the same.

Part 1: Assume that the country is in a period of high unemployment, interest rates are at almost zero, inflation is about 2% per year, and GDP growth is less than 2% per year.

  • Suggest how fiscal and monetary policy can move those numbers to an acceptable level keeping inflation the same.
  • What is the first action you would take as the president? As the chairman of the Fed? Why?
  • What would be your subsequent steps?
  • Make sure you include both the positive and negative effects of your actions, and include the trade-offs or opportunity costs