Especially, productivity grew slower than in the past and slowly in comparison to other countries. Deficits are bad because they can cause crowding out b.
Be sure to include in your answer the causes of the stagflation of the s. When these changes are made, what does the data show about the adjusted budget deficits? How do we measure productivity?
Because of it, the United States is on the verge of bankruptcy e. Illustrate your answer using the aggregate demand, aggregate supply, potential real GDP graph.
At the time of the examination, you will be given a situation.
Explain how each of these is calculated? As a result, the money supply will: a. Second, what fiscal and monetary policies have been used to end the recessions?