Macroeconomics in the Early 1980s
Number of pages:
5
ABSTRACT:
A 5 page paper discussing how the Office of the Economic Czar of the US should set fiscal policy for the years of 1982 and 1983, and the reasons for the choices made. Those choices of the OEC follow the reasoning of Reaganomics, which was that business generates the wealth of the nation and hires its people to support business activity. If business is encouraged to grow, then the high unemployment of 1982 and 1983 should finally begin to fall, along with the rate of inflation. Both indicators did indeed fall, but the paper discusses what the fictional OEC should do between 1982 and 1983 to further encourage still-troublesome indicators yet not abandon the fiscal policy it had set for the nation prior to 1982. Bibliography lists 6 sources.
FILE NAME:
File: CC6_KS-eczar.doc
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