1 Suppose that you are a member of the Council of Economic Advisers. The president has asked...

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1 Suppose that you are a member of the Council of Economic Advisers. The president has asked you to prepare a statement on "What is the proper fiscal policy for the next 12 months?" Prepare such a statement, indicating

(a) the current state of the economy (that is, unemployment rate, growth in real income, and rate of inflation) and

(b) your fiscal policy suggestions. Should the budget be in balance? Present the reasoning behind your suggestions.

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Essentials Of Economics

ISBN: 396414

2nd Edition

Authors: James D Gwartney; Richard Stroup; J R Clark

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