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Assignment Questions:

Question 1

Analyze and explain the shape of the economic cycle of both countries. At each inflection point, explain the factors that contribute to changes in the economic landscape.

Question 2

Analyze the effort taken by developed nation to manoeuvre the economy compared to weaker ones. How different they are in tackling the economic issues.

Question 3

Assume that you are appointed as an advisor for your chosen country (a less developed state). What is your main economic concern for this country—to tackle inflation or unemployment? Which one is more critical to solve? Explain the methods that should be employed to overcome the said problem.

Question 4

Analyze the difficulties in employing monetary and fiscal policies to address unintended economic challenges like stagflation. Furthermore, examine alternative solutions outside the scope of monetary and fiscal policies to tackle this issue.

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