代做U.S. Fiscal Policy between 1991 and 2001代做Python编程

U.S. Fiscal Policy between 1991 and 2001

Learning Objective: Based on a graph showing the United States Federal government current receipts (from taxation) and current expenditures from 1991 till 2001, students analyze contractionary fiscal policy implementation.

1. Create a graph showing the United States Federal government current receipts (from taxation) and current expenditures from 1991 till 2001 in FRED.

2. Use the scenario below to defend the best fiscal policy option.

Scenario:

You are staff members of the Council of Economic Advisers to the President. Your role is to recommend policy responses to changing economic conditions. Observing the graph that you created during the homework exercise, determine why current receipts (from taxation) exceed current expenditures at the tail end of the 1991-2001 expansion.

President George W. Bush just won the 2000 election and is starting his term. You are to advise President G.W. Bush on the fiscal policy options. In order to create a policy memo, you need to consider each of the four policy options (below) and argue why one of them is the best policy to implement, in your view.

Directions: rank the policy options below from the most suitable to current economic conditions in 2001 to the least suitable by arguing the intended impact of this policy on overall economic activity.

Defend the best policy option to be implemented by President G.W. Bush.

Policy Options:

A. With the budget surplus looming, recommend the aggressive tax cuts.

B. With the budget surplus looming, recommend moderate tax cuts in combination with moderate expenditures cuts.

C. Recommend aggressive increase in expenditures for transportation and education due to accumulation of budget surplus.

Submission: write-up your position in an essay between 500 and 800 words. Copy and paste your FRED graph at the top of your write-up. Upload the document in the Final Exam tab→ “Final Exam Question 1”.