Assignment: FISCAL POLICY

The government can increase GDP in the short run by running a budget deficit. What are some long-term effects of deficit spending? (need this one ASAP)

MONETARY POLICY

Discuss the following statements: Without money, everything would become more expensive. In countries such as Zimbabwe, which had problems with high inflation, the increased use of another country's currency (such as the U.S. dollar or South African rand) became common. Why do you suppose this occurred?

GDP GROWTH

Per capita GDP in many developing countries depends on the fertility of land there. However, many richer economies have little land or land of poor quality. How can a country with little land or unproductive land become rich?