800-1000 words and able to pass plagiarism test

Assume that a country has a growing budget deficit, carries a very large debt, is in a period of high unemployment with interest rates almost at zero, and annual inflation and GDP growth of about 2%.

• Suggest how fiscal and monetary policy can move those numbers to an acceptable level keeping inflation the same.
• What is the first action you would take as the president? Why?
• What is the first action you would take as the chairperson of the Fed? Why?
• Make sure you include both the positive and negative effects of your actions, and include the trade-offs or opportunity costs. 
• Discuss the dangers of a high debt to GDP ratio and a growing budget deficit and how this affects your policy recommendations.  

Your discussion should include the Phillips curve and the multiplier and at least three other of the following concepts:

• Demand and supply of money
• Interest rates
• The Phillips curve
• Taxation
• Government spending
• Wages
• Costs of inflation
• The multiplier and the tax multiplier
• The idea of tax rebates to stimulate the economy