Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

the followign question in 4-5 sentences. what would you do? Here is the situation: The economy has not been doing well for 6 months. The

the followign question in 4-5 sentences. what would you do? Here is the situation: The economy has not been doing well for 6 months. The Real GDP is down by 3% and unemployment is up at close to 7%. The citizens and the media are all asking, "when is the government going to do something about this?" But here is the problem, if you cut taxes you lose money to spend and would have to borrow more money. If you increase spending you will not have a balanced budget and you will have to borrow more money. The national debt is already an enormous amount. Go ahead, look at that link!! (us. national debt: $34,288,164,500,000)What is your recommendation? Why? What are your thoughts on the debt and adding to that debt to fix the economy? (include a plan for the economy and what your thoughts are on the debt and adding to it) Video: We interrupt this adorable cat video 0:18 for an amazing animated film 0:19 on the debt and the deficit! 0:21 I know what you're thinking: 0:23 Boring! 0:24 But everything is fun when it's a cartoon! 0:26 Whoa! 0:27 See what I mean? 0:29 Uh-oh

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Macroeconomics

Authors: N Gregory Mankiw

7th Edition

1285165918, 9781285165912

More Books

Students also viewed these Economics questions

Question

Context, i.e. the context of the information presented and received

Answered: 1 week ago