I can Analyze economic indicators to determine which fiscal and/or monetary tools to apply to the economy.
1. The president and congressional leaders are currently looking over economic data to decide the appropriate fiscal policy for the upcoming year. Their goal is a 3% average GPD growth rate and an unemployment rate to be below 4%. Current economic indicators are showing that the economy is experiencing an average GPD growth rate of 2% and an unemployment rate of 5.5%. Based on the current economic indicators, which fiscal policy tools should the government use to reach their economic goals? In 3–4 sentences use evidence from the text to justify and explain your answer.
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2. Federal reserve board members are analyzing current economic data to decide monetary policy. Their target goal for the economy is for the average god growth not to exceed 4% and for inflation not to exceed 2%. Economic indicators are showing that the current economy is experiencing an average GPD growth for 4.5% and an inflation rate of 4%. Based on current economic indicators, which monetary policy tools should the federal reserve use to reach their goal? In 3–4 sentence’s use evidence from the text to justify ur answer
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I can examine economic indicators to identify which fiscal and monetary measures should be used to address the economy.
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1. The president and congressional leaders are presently analyzing economic data in order to determine the best budgetary policies for the following year. Their target is a 3% average GPD growth rate and an unemployment rate of less than 4%. According to current economic data, the economy is growing at a rate of 2% on average and has a 5.5 percent unemployment rate. Which fiscal policy tools should the government utilize to achieve their economic goals, based on current economic indicators? Use evidence from the text to justify and explain your answer in 3–4 sentences.
2. Members of the Federal Reserve Board of Governors are studying current economic data in order to make monetary policy decisions.
