You are a macro policy maker for the cea council of, Ask an Expert

Economics

You are a macro policy maker for the CEA (Council of Economic Advisors). You have experience with the Congress (Fiscal Policy).

These are Current BLS and BEA statistics on the United States Economic situation:

*Real Gross Domestic Product (in billions of 2005 dollars) $12,000 RGDP a year ago $13,000

*CPI (Consumer Price Index) 200 CPI a year ago 190

*Unemployment Rate 10.5% Unemployment Rate a year ago 7.0%

What is the major economic problem for the United States?

What are your Fiscal Policy goals?

What Fiscal Policy would you consider appropriate? Why?

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M91950566

Have any Question?Write your Review or question?

Related Questions in Business Economics

If all countries eliminated all barriers to immigration

If all countries eliminated all barriers to immigration, would global economic growth increase? Why or why not?

What is the fraction defective if material hardness is

What is the fraction defective if material hardness is normally distributed with a mean of 42 and a standard deviation of 1 and the specification limits for hardness are from 35 to 45? What value for the process mean wil ...

A survey of car rentals agencies shows that the average

A survey of car rentals agencies shows that the average cost of a car rental is 0,35 per mile. The standard deviation is .05. Using Chebyshevs theorem, find the price range for which at least 93.75 % of the data values w ...

The head of retail sales at a large cosmetic company was

The head of retail sales at a large cosmetic company was interested in determining what the best marketing model was for launching a forthcoming new product to ensure high sales. She ran two separate simple linear regres ...

Income effects depend on the income elasticity of demand

Income effects depend on the income elasticity of demand for each good that you buy. If one of the goods you buy has a negative income elasticity, that is, it is an inferior good, what must be true of the income elastici ...

A student must answer 6 multiple choice questions for a

A student must answer 6 multiple choice questions for a test, but the student did not study well. There are 6 answers per question, but only one is correct. If the student randomly guesses on each questions, what is the ...

A manufacture makes makes two models of an item model 1

A manufacture makes makes two models of an item. Model 1 which accounts for 89% of unit sales, and model 2, which accounts for 11% of unit sales. Because of defects the manufacture has to replace (or exchange) 11% of its ...

A very skilled court stenographer makes two typographical

A very skilled court stenographer makes two typographical errors (typo) per hour, on average. 1. What probability distribution is most appropriate for calculating the probability of a given number of typos being made by ...

You just signed a 30-year lease agreement for a business

You just signed a 30-year lease agreement for a business property. The monthly rent for the first year is $1,000/month, with the ?rst month's rent due today. Starting from the second year onward, the monthly rent will be ...

A club consists of 10 seniors 12 juniors and 15 sophomores

A club consists of 10 seniors, 12 juniors, and 15 sophomores. An organizing committee of size 5 is chosen randomly (with all subsets of size 5 likely). Find the probability that the committee has at least one representat ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert