Based on the data in both Sets I and II Set I: Real GDP growth 0.7% Planned Gov. Expenditures $1600 b. Planned Gov. Revenues $1200 b. Gov. Debt at $ 4 trillion Set Il : M1 growth rate: 6% Discount rate changed to 3% O We don't have enough information to tell if either Fiscal policy or Monetary policy are being used O A Supply side approach is probably is being followed O We can tell that both Fiscal and Monetary Policy are being used to stabilize the economy O A laissez faire approach is probably being followed

Based on the data in both Sets I and II Set I: Real GDP growth 0.7% Planned Gov. Expenditures $1600 b. Planned Gov. Revenues $1200 b. Gov. Debt at $ 4 trillion Set Il : M1 growth rate: 6% Discount rate changed to 3% O We don't have enough information to tell if either Fiscal policy or Monetary policy are being used O A Supply side approach is probably is being followed O We can tell that both Fiscal and Monetary Policy are being used to stabilize the economy O A laissez faire approach is probably being followed

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter18: Debates In Macroeconomics Over The Rolse And Effects Of Government

Section: Chapter Questions

Problem 9QP

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