lets play a game of questions
I'll go first
Assume an upward sloping aggregate supply curve. How will an increase in foreign demand for exports affect aggregate supply and demand, output, prices, and employment?
2 different approaches have been suggested to prevent an impeding recession in the current American economy: a cut in interest rates by the Fed & a proposed tax cut by Congress.
a: are both necessay? Why or why not?
b: How do you envision the American economy in the next 4 years? Do you see it expanding ot contracting? Explain your answer.
Oh this does not relate to the macroeconomics final I have to take in 6 hours.
[This message has been edited by Rome MiB (edited January 15, 2001).]