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May 11, 2024

Macro Economics Question

Critical Thinking Assignment

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Macroeconomics – ECO2013 – Critical Thinking Assignment

Critical Thinking Activity Questions:

What is the difference between monetary and fiscal policy? (20 points)

What tools does each type of policy have at its disposal? (20 points)

What impact did these policies have on the aggregate supply and aggregate demand curves during the great recession (2007-2009) and Covid-19 (2020-2022)? (20 points)

Defend whether you think the FED chose the right actions. What could the FED have done better? (20 points)

Were there any moral hazards in these policies? (20 points)

The Details

Your essay should be at least and in proper paragraph format. It will be graded for the accuracy of your content, the quality of your writing, the flow and coherence of your paper,

What is the Learning Outcome of the course that you are targeting with this lesson/activity?

1. Explain the impact of monetary policies

2. Advise on appropriate fiscal policies in response to economic conditions

3. Discuss limits of monetary and fiscal policies

4. Conduct basic research, write bullet points, and present on the outcomes of such policies to the class in a professional manner

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