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please write an essay about the following question below. thank you. Task: In the wake of Covid-19, many countries are facing the difficult task of
please write an essay about the following question below. thank you.
Task: In the wake of Covid-19, many countries are facing the difficult task of restoring their economies to prosperity. The pandemic has severely damaged consumer and business confidence and this has the potential to greatly reduce aggregate demand. In these circumstances, Keynesians might argue it is crucial governments maintain expansionary monetary and fiscal policy in order to restore and maintain full employment. Sceptics would disagree. They might point out that government spending has already soared due to the pandemic and argue now is the time to reduce dangerously high levels of public debt. Also, with supply chains still recovering from the pandemic, some would worry that high inflation could soon be on the horizon. If that is the case expansionary monetary and fiscal policy may be the last thing the global economy needs... Write an essay on whether a country of your choice should adopt an expansionary monetary and fiscal policy (mpc when talking about fiscal policy)Step by Step Solution
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