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Macropoland is currently experiencing a recession--consumption and investment are very slu

Macropoland is currently experiencing a recession--consumption and investment are very slu

Macropoland is currently experiencing a recession--consumption and investment are very sluggish,
and unemployment is quite high at 9%. Currently, inflation is very low at 0.4% (the historical average rate of
inflation is about 2%). The Macropolish President has just hired you as her economic advisor. Your job is to
prescribe policy that would enable the economy to recover from the recession. Explain how you could use the
standard tools of expansionary monetary policy and expansionary fiscal policy to stimulate this
economy towards economic growth.

Johnson 09-Nov-2017

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