Fiscal and Monetary Policy

Fiscal and Monetary Policy

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  • We are jobless and need money.
  • We have jobs now because of this new project funded by the government.
  • I can buy goods and services I want and need easily now.
  • The unemployment rate is currently high and people are struggling to find jobs. It's up to the president and congress to decide how this problem will be fixed. They need to action now before it gets worse.
  • Its about time that I open up a new body shop.
  • The government has decided to put the expansionary fiscal policy in effect. This will make the government spend more, which will create more jobs for people. The government starts a project to build a new school and hires workers. 
  • The Federal Reserve
  • We will raise our discount rate will be raised to 15%.
  • This effects the people and economy. The people are going to be employed and will be making money to spend. The economy will benefit because more money will be circulating in the economy and the unemployment rate will decrease.
  • These interest rates need to lower so I can open another body shop !!
  • Ni wants to open up another body shop and to do so she needs a loan. Unfortunately the interest rate for her bank is too high. The interest is high because the economy is experiencing hyperinflation and the federal reserve had to raise the discount rate. 
  • With the federal reserve raising the discount rate people are encouraged to not spend as much and to take out loans. By doing this money will be taken out of circulation. By taking money out of circulation the economy can cool down and get out of hyperinflation. 
  • This effects Ni because she can't open up her shop until the interest rates lower. This won't happen until the economy gets back to creeping inflation and out of hyperinflation. The economy is effected because less money will be circulating and people are spending less.
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