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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Related Book For
Essentials Of Economics
ISBN: 396414
2nd Edition
Authors: James D Gwartney; Richard Stroup; J R Clark
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