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 Federal 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.
Your paper should be structured as follows
- Cover page with a running head
- Introduction: What is the economic meaning of a recession?
· A brief discussion of fiscal policies
· A brief discussion of monetary policies
- 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
iority sector with the vision as ‘Provision of efficient, economical, comfortable and safe transport facility for the public in Punjab’. The stated objectives, in the MTDF 2013-16 are: i) To provide accessible and time saving travelling, ii) To develop environment friendly transport system, iii) To regulate, monitor and maintain a robust transport system in large cities of the province. The initiatives include encouraging private investment in urban transport sector in Public Private Partnership mode, provision of subsidy to the urban transporters to facilitate induction of new buses in the urban transport system and capacity building of the department through Transport Planning Unit. The current allocation for the sector is Rs. 6,360 Million. Public transport service delivery was done by government till late 1980s to an acceptable level. The successive governments continued to act as a service provider as well as a regulator. As of 2010, the population of Lahore was estimated at about 9.9 million most of which was concentrated in the center of Lahore, while rest of the areas are mostly rural except for narrow strips along arterial roads where the development has been mostly unplanned. With increase in population of Lahore (7.5 times since 1951) and gradual deterioration in infrastructure, rolling stock and capacity of the Transport Department, a vacuum started developin>GET ANSWER