Report the following macroeconomic indicators for Norway: GDP, economic growth rate, public debt, inflation rate (CPI, annual variation in %), policy interest rate, and trade balance.

• Discuss the state of the economy of Norway. Make sure to discuss if the country is experiencing a recession or an expansion and if there is inflation or deflation in the economy.
• Discuss the relationship between GDP, inflation, and unemployment as addressed by the AD-AS model and explore if this is the same relationship as explained by Phillip's Curve.
• Recommend ONE policy to the central bank of Norway, given the state of the economy.
• Recommend ONE policy to the government of Norway you selected, given the state of the economy.
• Discuss the possible short-run and long-run implications of using the monetary and fiscal policies you prescribed in the previous questions.
• Discuss the differences in the approach taken by a Classical economist versus a Keynesian economist in solving the macroeconomic issues of Norway.

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I can guide you through how to analyze Norways economy based on the indicators youve requested and the economic theories that explain the relationships between those indicators Lets dive into the theo... View the full answer