Question

I need help with the following scenario. Given a situation in which an economy is experiencing inflation in the

5-6% range and the Federal debt is at an all-time high, design an economic policy (that uses one or both of fiscal and/or monetary policy) to reduce the rate of inflation. Outline the specific policy actions you would implement and justify the policy based on the strengths and weaknesses of your options. Discuss whether the specific actions are expansionary or contractionary (restrictive).