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14 Feb 2019
Monetary and fiscal policy are government attempts to smooth the business cycle, especially the use of expansionary policies to return to GDP growth from a recession. The goals are relatively short-term, not more than 5 years. Long-term growth, however, is arguably more important.
A) Suppose the United States has an absolute advantage in the production of 2 goods compared to another country. Could it benefit in trade of these goods with that country?
Monetary and fiscal policy are government attempts to smooth the business cycle, especially the use of expansionary policies to return to GDP growth from a recession. The goals are relatively short-term, not more than 5 years. Long-term growth, however, is arguably more important.
A) Suppose the United States has an absolute advantage in the production of 2 goods compared to another country. Could it benefit in trade of these goods with that country?
17 Feb 2019
