Fiscal policy assume the U.S economy has the following GDP is 18,500 billion down from 19,350 nine months ago. Unemployment is at 6.8% up from 4.2% nine months ago. inflation is stable at 2.0% MPC+.75... NRU=4.0% and target inflation is 2,0%.. how do you figure this out using OKUN"S law p;ease help calculate?? ALSO NEED TO RECALCULATE MY GOVERMENT SPENDING AND TAX CUT,,,,,, TO MAKE SURE THE INCREASED GOVERMENT SPENDING AND HOUSEHOLD SPENDING DIDN.T LEAD TO A RESULT OF A GREATER GAP, PLEASE EXPLAIN
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Fiscal policy assume the U.S economy has the following GDP is 18,500 billion down from 19,350...
FISCAL POLICY IN THEORY: March, 2020: we are on the verge of Congress and the President passing legislation that will empower the federal government to spend an unprecedented amount of EXTRA money not seen since World War 2 ---- in order to address the pandemic but also to help cushion the blow financially of perhaps ten or twenty million Americans --- or more --- losing their jobs, and thus suffering a drop in income. The scale of the 2020 recession...
1. When it comes to financial matters, the views of Aristotle can be stated as: a. usury is nature’s way of helping each other. b. the fact that money is barren makes it the ideal medium of exchange. c. charging interest is immoral because money is not productive. d. when you lend money, it grows more money. e. interest is too high if it can’t be paid back. 2. Since 2008, when the monetary base was about $800 billion,...