Based on the above economic scenario, describe the fiscal economic policy required to overcome these challenges.

The overall workings and strategies that build it the development of the successful growth of U.S. A's economy are done under expert's supervision with an aim of continues growth of their Economy. The purpose of this research is to analyse the importance and overall condition of the economy of U.S.A to compare it with other or in terms of knowing its success and continues growth among all the other countries in the world. This project will highlight about all the main aspects that are included in the growth development analysis including the rate of employment, Macroeconomics challenges, Macroeconomics events, prices stability, performance indicators and many other things that complete the growth of the economy successfully. (AMADEO, 2019)

1.      Describe what could be the role of a commercial bank to support economic growth in such a scenario. Explain with valid reasons.

They use higher experts that are responsible for running the complete economic system of their country. U.S.A is among leading economic countries that have too many characteristics that not only use that resources efficiently but also make them fully utilize by taking their best use. Capitalism is the main thing that gives the economy support as many of the times only capital is the thing that supports the weak economy by investing a lot of finance and other necessary things in economy's development.

2.      “Oman keeps its currency pegged to the U.S. dollar to provide more economic stability." What is pegging currency and how Oman can maintain economic stability by pegging the currency?

In U.S.A its economy has attended many important and successful economic event in the last few years that have to explore many innovative and unique concerns along with enhancement of its working aspects too. (church, 2017). Investigation of U.S tariff Imports under section 232 that refers to the involvement f study of automobiles industry analysis for their development and growth. There has been always remaining a threat of different challenges that may happen in between the working aspects of the economy of OMAN Different times different issues happen including Exports that may be disturbed due to any natural disaster or any other issue between trading countries

3.      Discuss the monetary policy required to solve the issues as discussed in the article. Explain the steps to be taken by the central bank to empower economic activities.

Performance assessment helps in analysing that the processes are going accurately or there is any need to change in the processes or not (Palley, 2014). To promote the growth of the economy in OMAN The economists are working continuously and they are making those strategies and implementing them in a way that they are going to increase its strength and growth for and betterment of it. The economy has some goals that need to be set before doing any activity as if these goals are not set in the start of the working one cannot get successful economy and all the efforts are going to waste after this. 

Section B

4.      CPI of different products as given in the case is different. Analyze the variation in the inflation rate in various products and explain how it will affect the AD of the economy.

This is the most important term that leads towards the confirm betterment and development of the U.S economy. This makes the betterment and development of the economy well managed and well established with a guarantee. Freedom of choice is another helpful thing that interruption in each other's task van harm their performances so freedom of choice is another important tool for the success of the economy of OMAN

5.      Describe how the change in overall inflation affects employment opportunities. Will it have a positive effect or a negative effect?

Economic growth makes the country successful, they are going to manage the strength of the country more enhanced, and they are going to manage the ways more highlighted and more innovated in a sense of making it renowned and developed as well (Goyal, 2019). OMAN is known as one of the most developed and successful countries among many other countries in the world on economic stability and growth. It is a highly developed mixed economy having second-largest purchasing power parity and a nominal GDP.

6.      “However, the prices of housing, water, electricity, gas, and other fuels fell by 0.33 per cent; transport by 1.83 per cent; communication by 0.26 per cent; and miscellaneous goods and services by 4.78 per cent in December 2019 compared to the same month of the previous year” as mentioned in the case. State what effects it will have on the multiplier?

The rate of inflation is the most important and most highlighted thing to consider by the U.S.A economy. The stability of prices is an important thing that leads towards the actual development of the society along with making it more innovative and more developed. The pricing Stability of the U.S.A ‘s economy is an efficiently done task and as well as they are going to manage this stability with an efficient way with which they are going to keep their economy in a working and stable condition in the country. This makes their confident lose in their countries’ economy and they become frustrated and disturbed as well.

Section C

7.      Based on the given economic data, do a comparative study of various sectors in terms of its contribution to the GDP. Also, explain how it is changing over the years.

Jobs will decrease the unemployment rate and explore more ways for the youth to work more efficiently.  (Heritage.org, 2018). Prices are going to afford by people so economists need to set these prices according to the current marketing conditions and according to the affordability ratio of people so that they can have it easily and can remain comfortable by having all the essential things conveniently for their use. This thing is making sense as many of the times it happens that high prices of their daily usage products make them depresses as sometimes they cannot afford such high prices. 

8.      Suppose you have to choose a particular year as the base year for real GDP calculation, explain which year is most suitable. Describe the main characteristics to select that base year.

Economic indicators are the things that make the identification of the growth developing factors enhanced and develop, as there are many of the main things and the must for the development and success of the organization. It is an essential thing to identify the performance measurement so that they can be well managed and well maintained and as well as this can be controlled in an effective way and on time as well. Every time there remain a threat of different challenges that may happen in between the working aspects of the economy of OMAN

Section D

9.      If we read the case carefully we see that there is a slump in many sectors of the economy due to the pandemic but still the economy may grow at the same phase because of fixed investment. Justify this statement about the effect of Investment on the Income of the economy. What effect is this and how it can help Oman's economy?

The background of the country is quite progressive, they have done a lot of hard work to make their country stable, and well develops Economic events are very much important to happen in any country, as this will explore more opportunities for the development of the economy. Public investment is the real issue and as well, as support for the economy as public demands results and if they are not provided with results they can do protest which a big threat or disturbance for the working flow in the economy (Piven, 2014). we can say that OMAN is one of the most created and effective nations among numerous different nations on the planet on monetary strength and development.

References of principles of macroeconomics

AMADEO, K. (2019). US Economy Fast Facts and Summary. Retrieved from https://www.thebalance.com/us-economy-facts-4067797

church, J. J. (2017). An Event Study of the Economic Impact of Professional Sports Franchises on Local U.S. Economies. 8(3), 244-254.

Goyal, M. (2019). Top five economic issues that the new government must prioritise. Retrieved from https://economictimes.indiatimes.com/news/economy/top-five-economic-issues-that-the-new-government-must-prioritise/articleshow/69498185.cms?from=mdr

Heritage.org. (2018). The United States. Retrieved from https://www.heritage.org/index/country/unitedstates

Palley, T. (2014). Economic contradictions coming home to roost? Does the U.S. economy face a long-term aggregate demand generation problem? 1(5), 9-32.

Piven, B. (2014). Flagship economic indicator: What does GDP reveal about the U.S.? Retrieved from http://america.aljazeera.com/articles/2014/4/30/gdp-reveal-us.html