UKCustomPapers | The role of an economic advisor to Steve Forbe

The role of an economic advisor to Steve Forbe

Assume the role of an economic advisor to Steve Forbes. Using this week’s required resources and at least two additional credible sources, prepare an 8-10 slide audio PowerPoint presentation, with speaker notes, to communicate with Mr. Forbes about the pandemic’s causes and responses.

Address the following questions in your presentation:

What was the economic impact of COVID-19? Address any monetary and fiscal policies used during or after COVID-19.
Has the crisis changed the structure of the U.S. economy?
Were there differences between countries on how they handled the crisis? Provide at least one economic policy example.
What economic advice would you give Mr. Forbes to avoid difficulties in similar situations?
In this presentation include an additional section with the following:

Explain economic activity during or after COVID-19 using research from the library and/or an online article. Be sure to include the reference material for the article.
Analyze the underlining fiscal and monetary policies (if any) inherent within your selected article.
Summarize the economic principles you have learned from your selected article and how they could apply to modern government policy.
The COVID-19: Causes and Responses audio presentation.

Sample Answer

Economic Advisor Briefing: The Pandemic’s Economic Impact and Future Preparedness

To: Mr. Steve Forbes From: Your Economic Advisor Date: July 23, 2025 Subject: Analyzing the Economic Impact of COVID-19 and Future Preparedness

Slide 1: Title Slide

Title: The COVID-19 Pandemic: Economic Causes, Responses, and Future Resilience Subtitle: A Briefing for Mr. Steve Forbes

Speaker Notes: Good morning, Mr. Forbes. Today, we’ll delve into the profound economic impact of the COVID-19 pandemic, examining the policy responses, structural changes, and lessons learned. Our goal is to derive actionable insights for navigating future crises.

Slide 2: The Economic Shock of COVID-19

Headline: Unprecedented Disruption: The Initial Economic Impact

Content:

Supply-Side Shocks: Widespread factory closures, supply chain disruptions, and labor shortages due to lockdowns and illness. This led to reduced production and increased costs.
Demand-Side Shocks: Lockdowns, fear of contagion, and job losses drastically reduced consumer spending on non-essential goods and services (e.g., travel, hospitality, entertainment).

Full Answer Section

Labor Market Collapse: Rapid and massive job losses, particularly in service sectors, leading to a sharp rise in unemployment. Gig economy workers were especially vulnerable.
Global Recession: The synchronized nature of the crisis led to a deep, albeit short-lived, global recession in 2020, with significant drops in GDP across major economies.

Speaker Notes: The pandemic delivered a dual shock unlike anything seen in modern history. On the supply side, lockdowns and illness crippled production and distribution networks. Simultaneously, fear and uncertainty, combined with job losses, led to a sharp contraction in consumer demand. The labor market experienced an unprecedented shock, with unemployment rates soaring to levels not seen since the Great Depression in some countries. This culminated in a synchronized global recession, demonstrating the interconnectedness of the world economy.

Slide 3: Monetary Policy Responses

Headline: Central Bank Interventions: Flooding the Economy with Liquidity

Content:

Interest Rate Cuts: Central banks (like the Federal Reserve) rapidly cut benchmark interest rates to near zero, making borrowing cheaper and stimulating investment and consumption.
Quantitative Easing (QE): Large-scale asset purchases (government bonds, mortgage-backed securities) to inject liquidity into financial markets, lower long-term interest rates, and ensure market functioning.
New Lending Facilities: Establishment of emergency lending programs to support the flow of credit to households, businesses, and state/local governments (e.g., Main Street Lending Program).
Forward Guidance: Clear communication about future policy intentions to anchor market expectations and maintain confidence.

Speaker Notes: In response to the crisis, central banks acted swiftly and decisively. The Federal Reserve, for instance, slashed its benchmark interest rate to near zero, aiming to make borrowing more affordable. They also reintroduced and expanded quantitative easing programs, purchasing trillions in assets to inject liquidity and stabilize financial markets, which were on the brink of freezing. Furthermore, new emergency lending facilities were created to ensure credit continued to flow to critical sectors of the economy. This aggressive monetary easing was aimed at preventing a financial system collapse and stimulating economic activity.

This question has been answered.

Get Answer

Our Free Services

Paper Formatting

No Lateness!

Our Guarantees