Imagine you need to prepare Pat Shoo-In for another debate by preparing a briefing paper for Pat on two of the topics listed below. In preparation for the debate, Pat has instructed you to evaluate both the advocates’ positions and the opponents’ positions(those who oppose the positions).
Your briefing paper should be 1,000- to 1,100 words and should include an introduction and a conclusion.
Use the bolded words/phrases shown below as first-level headings for your paper. Your paper should evaluate the following:
- Using active monetary and fiscal policy to promote economic growth/expansions and to reduce the duration and severity of recessions/contractions. (Hint: See the National Bureau of Economic Research web page at http://www.nber.org/cycles/main.html) Provide real-world examples and statistics to support your contentions
- Income Inequality. Should the Federal government foster a more equal distribution of income? If so, why? If so, how? If not, why not? Provide real-world examples and statistics to support your contentions.
In your conclusion, you should: (1) discuss which positions you support, (2) defend your positions, and (3) discuss whether your positions on the two issues are consistent or contradictory.
Cite a minimum of three peer-reviewed sources not including our textbook (Mankiw). Appropriate sources could include the National Bureau of Economic Research (information on economic fluctuations), the Federal Reserve (information on monetary policy), the Congressional Budget Office (information on fiscal policy), and the Council of Economic Advisors (information on fiscal policy).
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