ECO203: Principles of Macroeconomics

label Economics
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

  • What are the challenges that the US economy will be faced with given a higher debt limit for future economic growth?
  • Describe what would happen to GDP, the unemployment rate and the inflation rate if there is a decline in global growth?
  • Oct 22nd, 2017

    Thank you for the opportunity to help you with your question!

    1.since the tendency of a higher debt limit invites high spending which cannot correlate with the revenue's collected.

    2. with other global economy parties non-perfoming,the United States would also suffer from poor trade and dollar value. Unemployment would shoot up causing a huge inflation

    Please let me know if you need any clarification. I'm always happy to answer your questions.
    Jun 17th, 2015

    Studypool's Notebank makes it easy to buy and sell old notes, study guides, reviews, etc.
    Click to visit
    The Notebank
    ...
    Oct 22nd, 2017
    ...
    Oct 22nd, 2017
    Oct 23rd, 2017
    check_circle
    Mark as Final Answer
    check_circle
    Unmark as Final Answer
    check_circle
    Final Answer

    Secure Information

    Content will be erased after question is completed.

    check_circle
    Final Answer