How is a recession defined? Is the U.S. currently ...

Case Assignment Resources:
1. How is a recession defined? Is the U.S. currently in a recession? Explain.
2. Assume you are an ad visor to President Obama. What fiscal policy tools could be used to stimulate the economy? Be sure to review Obama’s 2011 Budget Proposal (NY Times). Are there any specific areas that you would change?
3. Now assume you are an advisory to Ben Bernanke. What specific tools can the Federal Reserve use to stimulate the economy and increase economic growth. Please identify at least two tools.
4. What should the Fed do if it wanted to reduce inflation in terms of the money supply?
Case Assignment Expectations:
Use concepts from the modular background readings as well as any good quality resources you can find from the cyber library or other internet search engines. Pleas be sure to cite all sources within the text and provide a reference list at the end of the paper.
Length: 4-5 pages double spaced and typed.
The following items will be assessed in particular:

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