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31 Jan 2019
- Suppose the following statementsdescribe the current state of an economy.
- The unemployment rate is 4percent.
- Inflation is at an annual rateof 12 percent.
- The prime interest rate is 14percent.
- The annual growth rate of realGDP is 6 percent.
a) Identify the major problem(s) this economy faces.
b) Identify twofiscal policy actions that could be taken to solve the countryâsproblem(s). Identify two monetary policy actions that couldinstead be used to solve the countryâs problem(s).
- Suppose the following statementsdescribe the current state of an economy.
- The unemployment rate is 4percent.
- Inflation is at an annual rateof 12 percent.
- The prime interest rate is 14percent.
- The annual growth rate of realGDP is 6 percent.
a) Identify the major problem(s) this economy faces.
b) Identify twofiscal policy actions that could be taken to solve the countryâsproblem(s). Identify two monetary policy actions that couldinstead be used to solve the countryâs problem(s).
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Beverley SmithLv2
3 Feb 2019