I have to write a paper in which I have to come up with a problem, either recession or inflation and use Keynesian Economics, Supply Side Economics, Traditional Monetary Policy or Monetarism to correct the problem. Now, I narrowed it down to inflation and I want to use Keynesian Economics to solve it. Anyone want to help on coming up with a situation in which inflation gets made and solved by this kind of economics? Thanks.

 

have fun with that.

 

Consumers' future expectations of inflation

 

Hrmmm...but how can I place that into words creating a problem and using Keynesian Economics to solve it?

 

What I need to write is this:

Write a story in which you are the President's Chief Economic Advisor. The country is experiencing either inflation or recession. You select the following theories: Keynesian Economics, Supply-Side Economics, Traditional Monetary Policy or Monetarism. First, you are to describe to the President the specifics of the economic theory, and second, how each part of the theory will work to solve the problem.

 

Bump.

 

Dude you have a textbook for a reason.

 

I have to say that this is straight out of my macro 201 textbook. Shouldn't be a problem, especially if you don't have to explain the cause of the problem.

 

But this is for Government 2302 and our textbook is written by my professor. "A Conceptual Approach to Public Policy: US National Government" by my professor, Robert H. Angell. There is no scenarios in this book at all. We are reviewing fiscal and monetary policy and I need this essay or ideas for an essay for tomorrow's test. I know the definition of all, just need help in coming up with a scenario or idea that can create inflation or recession then how Keynesian Economics can cure it. I've been thinking about it for the past 2 hours but can't really come up with a strong scenario.

 

Please.