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Homework Discussion
Answered Same Day Dec 22, 2021

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Robert answered on Dec 22 2021
116 Votes
Our economy has a recessionary gap
Our economy has a recessionary gap. It has been facing the same since the outburst of 2008 sub prime crisis. Our economy slowed notably during 2012 and growth prospects for the coming years remain sluggish. The unemployment rate was above 8 percent for major part 2012. External demand for our product is expected to weaken. United Nations in its latest issue of the World Economic Situation and Prospects 2013, forecasted that the growth of GDP of the United States decelerates to 1.7 percent in 2013
I am more concerned about the size of the budget deficit. It has been growing year after year without any sign of coming down in the near future.
If...
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