Social Studies, 29.09.2021 01:20 Dragonskeld
Part 1: The economy of Zimbabwe is doing well. The economy is growing and we know this because GDP has increased for the third consecutive year. The unemployment rate has declined by 3%. Last year, the unemployment rate was at 7.2%. However, since last year the CPI has increased from $119 to $131. Due to the incline in CPI, aggregate supply has also skyrocketed. Assuming the Zimbabwe government can use fiscal policy and that they have something similar to our Federal Reserve System called the Zed, in a 150 words please answer the following questions: (1) Describe the current state of the Zimbabwe economy in regards to the business cycle using the data from the scenario above. (2) Describe the (4) macroeconomic indicators and how they are currently affecting the economy of Zimbabwe. (Example: GDP, what does this measurement tell us about Zimbabwe.) (3) Decide what policy and actions the government should take and why. (4) Decide what action the Zed should take and why. Part 2: The economy of the United States is not doing well. The GDP has been decreasing for 18 months. The unemployment rate has dramatically increased. This is compared to last year’s unemployment rate of 7.6%. Due to the rise in unemployment, aggregate demand has reduced 5% In 150 words, use the above information to conduct the following tasks and to answer the following questions: (1) Describe the current state of the US’s economy in regards to the business cycle using the data from the scenario above. (2) Describe the (4) macroeconomic indicators and how they are currently affecting the economy of the United States. (Example: GDP, what does this measurement tell us about the United States.) (3) Decide what policy and actions the government should take and why. (4) Decide what action the Fed should take and why. If you can somehow help you are a amazing person also this website don't have economics as a subject but economics is the real subject
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Part 1: The economy of Zimbabwe is doing well. The economy is growing and we know this because GDP h...
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