Humanities Question

Part 1

2 Discussion Questions 250 words with 2 peer supported scholarly resource per question.

Question 1.

250 words with 2 peer supported scholarly resource.

Assessment Description

During the debt crisis of 2008, many countries implemented austerity policies, in order to reduce high government spending. What constitutes fiscal austerity? Is it expansionary or contractionary? Is fiscal austerity advisable during economic recession? Explain. For reference, see Austerity in a Recession: Expansionary or Contractionary? (in Stiglitz and Rosengard, 2015, p. 871).

Question 2.

250 words with 2 peer supported scholarly resource.

Assessment Description

During the Great Recession, the U.S. government increased spending in an attempt to buoy the economy. Since, at the time, economic growth was stagnantand even declining in some quartersthere was not enough government revenue generated to keep pace with spending. Consequently, the government engaged in deficit spending. What are fiscal deficits? What are the consequences of deficits?

Part 2

1, 300 word paper

Assessment Traits

Requires Lopeswrite

Assessment Description

Starting in 2008, the United States experienced the greatest economic calamity since the Great Depression. To combat rising unemployment, negative economic growth, and deflation, among other problems, the U.S. government employed instruments/policies from both the fiscal and monetary toolkits. Write an essay 1300 words regarding the impact of economic policy on the market. Address the following:

1. Describe the major problems of the Great Recession. What required immediate government action, from the perspective of many public officials?
2. Monetary policy: Describe how the Federal Reserve respond to the crisis. Be sure to discuss interest rates and open market operations.
3. Fiscal policy: Describe Congresss response to the crisis. Be sure to discuss the American Recovery and Reinvestment Act of 2009.
4. Explain the goals of the fiscal and monetary policies employed. Address stimulating aggregate demand and the role of increasing the money supply in your response.
5. Evaluate the success in the policies.

Use two to three scholarly resources to support your explanations.
Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.
This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.

You are required to submit this assignment to LopesWrite. A link to the LopesWrite technical support articles is located in Class Resources if you need assistance.

Requirements: 250 word discussion and 1300 word paper

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