3 Respond to parts A and B below. A Is it possible for a nation to...
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3 Respond to parts A and B below. A Is it possible for a nation to run budget deficits and still have its debt/GDP ratio fall? Briefly explain your answer. (7 pts) B Is it possible for a nation to run budget surpluses and still have its debt/GDP ratio rise? Briefly explain your answer. (7 pts) 4 Consider the macroeconomic actions that have occurred during the pandemic. A In March and April 2020, many people lost their jobs and had a sudden decrease in income. Discuss how at least one automatic stabilizer would work in that situation to maintain aggregate demand. (4 pts) B Describe a discretionary fiscal policy action that was taken and what made that policy discretionary as opposed to automatic. (5 pts) C From the events you have witnessed during the pandemic, should the country rely more on discretionary fiscal policy or automatic stabilizers for future macroeconomic disruptions? Support your answer with facts and reasoning you have learned in the course. (5 pts) 3 Respond to parts A and B below. A Is it possible for a nation to run budget deficits and still have its debt/GDP ratio fall? Briefly explain your answer. (7 pts) B Is it possible for a nation to run budget surpluses and still have its debt/GDP ratio rise? Briefly explain your answer. (7 pts) 4 Consider the macroeconomic actions that have occurred during the pandemic. A In March and April 2020, many people lost their jobs and had a sudden decrease in income. Discuss how at least one automatic stabilizer would work in that situation to maintain aggregate demand. (4 pts) B Describe a discretionary fiscal policy action that was taken and what made that policy discretionary as opposed to automatic. (5 pts) C From the events you have witnessed during the pandemic, should the country rely more on discretionary fiscal policy or automatic stabilizers for future macroeconomic disruptions? Support your answer with facts and reasoning you have learned in the course. (5 pts)
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3 Respond to parts A and B below A Is it possible for a nation to run budget deficits and still have its debtGDP ratio fall Briefly explain your answer 7 pts A Yes it is possible for a nation to run b... View the full answer
Related Book For
Database management systems
ISBN: 978-0072465631
3rd edition
Authors: Raghu Ramakrishan, Johannes Gehrke, Scott Selikoff
Posted Date:
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