Read the journal article, "Five Big Steps toward Faster Global Growth". Based on the information...

Question

Read the journal article, "Five Big Steps toward Faster Global Growth". Based on the information presented in the article, discuss the following:

What are the challenges that the US economy will be faced with given a higher debt limit for future economic growth?
Describe what would happen to GDP, the unemployment rate and the inflation rate if there is a decline in global growth.

Inflation is an important policy issue because it causes a redistribution of income and wealth, and discourages saving and investment. Discuss how inflation affects borrowers and lenders, asset prices, and households on fixed incomes.

David · Accepted Answer

1 
 
Question 1 
Based on the research conducted, it is apparent the moderate debt has only minimal impact on 
growth of economy. As and when, the government does bring in higher limit for debt, then 
there is possibility of compromise in economic growth going forward. The US government 
similar to the governments at local level need to be considerate of the revenues they receive 
while spending money. If the debt limit undergoes continuous upward revision,

Read the journal article, "Five Big Steps toward Faster Global Growth". Based on the information presented in the article, discuss the following: What are the challenges that the US economy will be...

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