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Donald Trump promised a more aggressive fiscal policy with a large increase in spending and significant tax cuts leading to a much larger government (budget)
Donald Trump promised a more aggressive fiscal policy with a large increase in
spending and significant tax cuts leading to a much larger government (budget)
deficit. The US economy was at near the full employment (the unemployment rate in
the US was low below 5%), what do you expect will be the response of the US Central
Bank in terms of changes to the cash rate? Explain.
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