SHORT ANSWER.

1.If nominal interest rates have reached the zero lower bound (ZLB), does thismean the central bank has lost its ability to impact real GDP growth?Explain.

2.In 2020, the U.S. has a current account deficit and therefore is borrowing from the rest of the world (ROW). Explain 2 policies that the U.S. could adopt to reduce the CA deficit (if it wanted to)?