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1- The expanding underground economy creates problems for economic policy makers. Explain. No need to give standard definition answers. Q2- Considering the variables included in
1- The expanding "underground" economy creates problems for economic policy makers. Explain. No need to give standard definition answers. Q2- Considering the variables included in the expenditure approach to GDP discussed in this course: (i) Discuss how each variable was impacted by the COVID-19 pandemic. (li) Be sure to include the terminology and rationalizations used in this course to justify your answer. be sure to include an appropriate level of detail to explain both the variable, the impact, and the Reasoning for the Impact described. Q3- Briefly state and evaluate the problems of time lags in enacting and applying fiscal policy
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