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there is attachments about requirnment. please follow it.

Final Paper: Expansionary Economic Policy

Prior to beginning the final assignment, review the following chapters:

Chapter 7: Classical Macroeconomics and the Keynesian Challenge
Chapter 9: Taxes, Government Spending, and Fiscal Policy
Chapter 12: Banking and The Federal Reserve System
Chapter 14: Monetary Policy In Theory And Practice

Focus of the Final Paper

In an effort to move the economy out of a recession, the federal government would engage in expansionary economic policies. Respond to the following points in your paper on the actions the government would take to address expansionary fiscal and monetary policies:

Expansionary Fiscal Policy:

Explain the actions the federal government would take while engaging in expansionary fiscal policy in terms of the following:

• The necessary change in taxes and government spending,
• The effect on aggregate demand, GDP, and employment.

Expansionary Monetary Policy:

The three tools the Federal Reserve Bank (The Fed) uses when conducting monetary policy are the required reserve ratio, the discount rate, and open market operations.

Explain the actions of the Fed in regard to the three tools.

• When the required reserve ratio is increased or decreased
• When the discount rate is increased or decreased
• Buying or selling government securities when conducting expansionary monetary policy

Explain how these actions would affect the money supply, interest rates, spending, aggregate demand, GDP, and employment.

Writing the Final Paper

The Final Paper:

1. Must be eight to ten double-spaced pages in length and formatted according to APA style as outlined in your approved styled guide.
2. Must include a title page that includes:
   1. Title of paper
   2. Student’s name
   3. Course name and number
   4. Instructor’s name
   5. Date submitted
3. Must include an introductory paragraph with a succinct thesis statement.
4. Must address the topic of the paper with critical thought.
5. Must conclude with a restatement of the thesis and a conclusion paragraph.
6. Must use at least four scholarly resources, including the textbook.   Two sources must come from the Ashford Library.
7. Must use APA style as outlined in your approved style guide to document all sources.
8. Must include, on the final page, a reference List that is completed according to APA style as outlined in your approved style guide.

Carefully review the Grading Rubric for the criteria that will be used to evaluate your assignment.

Question #3  Critical Thinking/ Problem Solving

You are the lead policy analyst for a Southern California municipality of approximately 200,000 people. This is a blue-collar city that has never been known to be particularly affluent. The past two years, due to an economic downturn, have been especially rough for the city. Over the past decade the nature of the local economy has also gone through significant changes. Historically, it was dominated by large labor intensive industries. Currently, however, most of the large employers are technology-driven and are not necessarily as labor intensive. The unemployment rate, which has traditionally fluctuated around 10%, has risen over the past two years to 20%. The worsening condition of the city has become the focal point of local and national attention.

The federal government has decided to award the municipality a $10 million grant to address the growing unemployment problem. The city council, however, is divided on how the funds should be spent. Half of the members believe that the funds should be spent on attracting new businesses. Their main argument is that new businesses will provide additional jobs. Such a strategy would also increase revenues for the city. The other half believes that money should be spent on education. Their main argument is based on the fact that education leads to more innovation, which in turn creates more business opportunities and jobs.

You have been tasked with evaluating these two perspectives.

1- Define the management objectives and analyze the merits of both approaches (e.g., effectiveness, opportunity cost) in achieving the objectives. 

would you need additional information/research to make your decision?What additional information do you need know?