Suppose that in 2 years, the unemployment rate has dropped from 8.5% to 4% and inflation has gone from 2% to 7%. The def

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answerhappygod
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Suppose that in 2 years, the unemployment rate has dropped from 8.5% to 4% and inflation has gone from 2% to 7%. The def

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Suppose that in 2 years, the unemployment rate has dropped from8.5% to 4% and inflation has gone from 2% to 7%. The deficitis $200 billion. Labor productivity rates have fallen andlabor costs are going up by 8%. Real GDP is growing at 5%.What general fiscal policy would you advocate and why? Whatgeneral monetary policy would you advocate and why?
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