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Answer to Question #60900 in Macroeconomics for Keisha

Question #60900
Assume that a country has a growing budget deficit, carries a very large debt, is in a period of high unemployment with interest rates almost at zero, and annual inflation and GDP growth of about 2%.

Suggest how fiscal and monetary policy can move those numbers to an acceptable level keeping inflation the same.
Expert's answer
If a country has a growing budget deficit, carries a very large debt, is in a period of high unemployment with interest rates almost at zero, and annual inflation and GDP growth of about 2%, then the decrease in taxes as the part of fiscal policy can move those numbers to an acceptable level keeping inflation the same.

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