Monetary and Fiscal Policy in United States and Finland Macroeconomics 202 Assignment One:
Answer these following questions in an essay format. At least five economic terms must be used from within your essay. Think critically and creatively. Limit your answers to a maximum of two pages in an essay format (single spaced).
This is due in the third week on Wednesday. Once again, this is pass or fail and is worth 7% of your grade. Any late assignments will be half off if it passes.
You will need to pick a country for this assignment to analyze (this country will also can be the country for your project). If you have a partner for your
project, please list it on your paper next to your name. You will need to read a little further in the book about fiscal and monetary policy.
1. What is the current economic situation in the United States? Is the United States producing at high or low? Is spending and consumption high or low? What
are the current fiscal and monetary policies?
2. For the country of choice, what is it’s the current economic situation? Good or bad? Is the country producing at high or low level? Is spending and
consumption high or low level? What are the current fiscal and monetary policies?
3. How does the current policies and its consequences affect my current life and my life after college? (education, jobs, loans, buying a home, family,
retirement etc)
4. What is my biggest macroeconomic worry?
Hint:
Read about our current monetary and fiscal policy. What is the Fed doing? Rates? What is our congress doing? Taxes? Spending? Figure out the consequences.
Read articles about how baby boomers are dealing with the current financial problems. Think about how that relates to you and your future.
