wk3 db michael smith

Suppose that you are the chief economic advisor to the president of  the United States. You are asked to propose a strategy to bring the  economy out of recession. Unemployment is at 13 percent and inflation is  relatively low. Your goal is to avoid an increase in inflation and  bring the economy to full employment as rapidly as possible.

Applying the principles of the Keynesian model, what specific  economic policies would you propose to accomplish these goals? What do  you believe would be the short- and long-term effects of your policies  on both inflation and unemployment rates? Provide justification and  examples to support your conclusions.