The country is in a recession. The President of the United States has ask your opinion as to what he/she can do to get us out of the recession. In your response:
a) First answer as classicalist economist
b) Then answer as a Keynesian economist.
2. The country is experiencing inflation. The President of the United States has ask your opinion as to what he/she can do to reduce inflation .In your response:
c) First answer as classicalist economist
d) Then answer as a Keynesian economist.
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Expert's answer
2018-09-25T09:26:08-0400
The country is in a recession. The President of the United States has ask your opinion as to what he/she can do to get us out of the recession. a) As classicalist economist he/she can decrease taxes to increase aggregate demand. b) As a Keynesian economist he/she can increase government purchases to increase aggregate demand. 2. The country is experiencing inflation. The President of the United States has ask your opinion as to what he/she can do to reduce inflation. c) As classicalist economist he/she can increase interest rates to decrease aggregate demand and decrease inflation. d) As a Keynesian economist he/she can decrease government purchases to decrease aggregate demand and decrease inflation.
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