15. An analysis of recent economic forecasts by the International Monetary Fund indicated that during 2021:

Advanced economies can expect higher inflation and slower growth

Technological advance will reduce labor productivity and employment throughout the global economy

Global GDP will decline by 5 percent

High debt levels will cause millions of people to fall into poverty in developing countries

16. The best description of the fiscal policy used in the U.S. to address the problems associated with the pandemic is that it has been:

evolutionary to allow gradual adjustments in interest rates to occur

exclusionary to prevent foreigners from entering the country

expansionary in attempt to maintain aggregate demand

contractionary to prevent inflation due to shortages