We cover in chapter 12 why living standards around the world vary greatly across different countries and how economic policies adopted by nations can affect these living standards. Specifically differences in standards of living can be summarized by productivity and growth emanating from a nation’s policies.
Assume that you are a U.S. fiscal or monetary policymaker and apply economic policy to the United States. Do this by citing, explaining and evaluating at least one particular policy you would advocate fostering a sound GDP and economic growth.
Please remember in selecting a policy the economic principle, “There is No Free Lunch”. As an alternative to the United States you may use any other country.
Your paper should be one to two full pages (250 – 400 words).
Read the requirements below. When you write the paper, keep the following in mind:
Format type:
Times New Roman, 12 size font, Double spaced, Margins no greater than 1 ¼ inch.
At least 1 full written page, (consisting of 250-400 words)
Spelling errors and grammatical mistakes will be penalized.
Incorrect economic statements, incorrect economic applications and incorrect explanations will be penalized.
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