This paper will be a continuation of Part 1 and should be written about the same country and time period as Part 1.
Requirement:
In Part 1, you wrote about the root cause of the economic situation. In this section, you will write about what the government did to fix the situation and if it was effective or not.
All topics below must be included in the paper with a minimum of 1 paragraph for each, plus and appropriate intro and conclusion.
Describe at least two (2) policies that the government put in place during the recession to try and fix the recession.
When analyzing each type of policy, explain whether the policy is fiscal policy, monetary policy or supply-side policy and why. (Hint: most countries don’t actively use supply-side policy. If there country did not use supply-side policy, there is no need to discuss. On the other hand, there are some countries that don’t have control over their own monetary policy for a variety of reasons. If the country could not use monetary policy for some some reason it would be interesting to discuss it here.)
What was the intended impact of these government policies? Note: government policies are not always effective, this is asking about the objective or goal of the government policies, not necessarily if these worked or not.
What was the actual impact of the government policies? As objectively as possible, were there policies effective or not? Why? (This is not the place to discuss what the government could have done better, that belongs in Part 3.)
A minimum of 5 sources are required.
Submit a report that is 4 pages long, typed double-spaced.
This paper is a formal, college-level paper which means that it should be written in that style. Do not use personal pronouns like “I,” “we,” “me,” “you,” etc. It should be well written with an introduction and conclusion and use appropriate citation.
