Question: Explained solutions needed ..thank you Q1 a)Why does the composition of a country's capital stock impact its economic growth potential b)Why does the shape of
Explained solutions needed ..thank you
Q1
a)Why does the composition of a country's capital stock impact its economic growth potential
b)Why does the shape of a country's population pyramid affect its potential GDP growth
Q2
a)According to the Keynesian school, how should policy makers respond to a fall in aggregate demand?Briefly explain why
b)According to the Monetarist school, how should policy makers respond to a fall in aggregate demand?Briefly explain why
c)When faced with the 2020 COVID-19 crisis, policy makers around the world responded with a blended policy which followed the recommendations of both schools of thought.Briefly explain why they would have done this
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