ECON 102 Demand side policies and the great recession of 2008



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ECON 102 Demand side policies and the great recession of 2008

I have a Macroeconomics essay that needs to follow the specifics outlined in the attachment. No cut and paste job, as it will be checked for plagiarism. Thanks!

ssignment 2: Demand-side Policies and the Great Recession of 2008 Macroeconomic analysis deals with the crucial issue of government involvement in the operation of
"free market economy." The Keynesian model suggests that it is the responsibility of the government to
help to stabilize the economy. Stabilization policies (demand-side and supply-side policies) are
undertaken by the federal government to counteract business cycle fluctuations and prevent high rates
of unemployment and inflation. Demand side policies are government attempts to alter aggregate
demand (AD) through using fiscal (cutting taxes and increasing government spending) or monetary policy
(reducing interest rates). To shift the AD to the right, the government has to increase the government
spending (the G-component of AD) causing consumer expenditures (the C-component of AD) to
increase. Alternatively the feral Reserve could cut interest rates reducing the cost of borrowing thereby
encouraging consumer spending and investment borrowing. Both policies will lead to an increase in AD. Develop an essay discussing the fiscal and the monetary policies adopted and implemented by the
federal during the Great Recession and their impacts on the U.S. economy. Complete this essay in a
Microsoft Word document, and in APA format. Note your submission will automatically be submitted
through "TurnItIn" for plagiarism review. Please note that a minimum of 700 words for your essay is
required. In-text citation is required to show where references are used! Your paper should be structured as follows 1. Cover page with a running head 2. Introduction: What is the economic meaning of a recession? · A brief discussion of fiscal policies · A brief discussion of monetary policies 3.
Conclusions: Discuss the extent to which the use of demand side policies (fiscal policy and
monetary policy) during the Great Recession of 2008 has been successful in restoring economic growth
and reducing unemployment
4. References