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Policy problem

The current elections in America's united states, the coronavirus pandemic's policy problem, have caused many downfalls in the country's economy. The high amounts of cash that have to get used in controlling the epidemic and fallout of trades that used to be carried out by the united states to other countries to enhance the economic growth have gone down. Therefore, looking at the policies that will enable the government to rise from the devastating economic downfall to a stable state in the current election. It will increase economic growth rather than fall (Sharif et al.,2020).

Policy outcomes

The current administration has put in place resources used in the medical fields to mitigate the coronavirus, and the end of the crisis enables the economy to move forward. They have subsidized the vulnerable households that are continuously suffering from difficulties in meeting financial contracts and allowing the levels of interest to go down so that the market can get loans quickly for trade growth, which was paralyzed by the pandemic. There have been policies to deal with economic downfalls such as taxation regulation by cutting the taxes to put a considerable burden upon the market and enable them to gain stability in trade to grow the economy. These policies have done a great deal in allowing the economy to start rising because business is starting to pick, and those that got much fall have begun to rise. These policies will make money circulate in the business cycle and lead to the growth of the economy.

Policy performance

Small businesses' ability to grow and other trading organizations results in high revenue to the country, which means that their per capita will rise. The economy will be getting back on track. Having an increase in which the demand for the services will increase due to the people's availability will influence economic growth.

Policy futures

The alternative policy that can get used in the economic downfall is to regulate spending and use it for other policy reasons. For example, the finance used in building infrastructure, funding scientists' research, and providing social safety can be diverted to the business cycle's use to have the economy back on the track. These policies can get used to slow down the runaway growth, stop the economy in free fall, and enable the economy to speed up the recovery. The fiscal policy can raise the aggregate demand or aggregate demand fall, influencing the need for all the goods and services in the economy (Cukierman, 2016). These will ensure that the economy in the future receives quickly back to track, and it will not affect the country's economic growth even if the same situations get to repeat shortly.

Policy actions

The problem can get solved by removing sanctions placed upon other nations creating a barrier in the trade that gets done to them, enabling expansion of the business existing in other parts of the globe. Reducing the conflicts that have to get brought to establish with other nations by reducing the number of troops placed in them will reduce the budgetary placed on them and diverted to economic growth in the business fields. The federal government's lending ability should reduce so that the cash used in lending can get redirected to the trading and stabilization of the economy (Immergluck, 2016).

References

Immergluck, D. (2016). Credit to the Community: Community Reinvestment and Fair Lending Policy in the United States: Community Reinvestment and Fair Lending Policy in the United States. Routledge.Retrieved from: https://books.google.co.ke/books?hl=en&lr=&id=YGKlDAAAQBAJ&oi=fnd&pg=PP1&dq=policy+problems+on+economic+down+fall+in+the+usa&ots=WAvUX_syPo&sig=RBtuF5CR3-Mv_a54ejhFlp7MtYM&redir_esc=y#v=onepage&q=policy%20problems%20on%20economic%20down%20fall%20in%20the%20usa&f=false

Sharif, A., Aloui, C., & Yarovaya, L. (2020). COVID-19 pandemic, oil prices, stock market, geopolitical risk, and policy uncertainty nexus in the US economy: Fresh evidence from the wavelet-based approach. International Review of Financial Analysis, 101496.Retrieved from: https://www.sciencedirect.com/science/article/pii/S105752192030140X

Cukierman, A. (2016). US bailouts' political economy, unconventional monetary policy, credit arrest, and inflation during the financial crisis. CEPR DP, 10349.Retrieved from: https://www.tau.ac.il/~alexcuk/pdf/CEPR-DP10349%20Revised%20September%202016.pdf