Classmates regarding how fiscal policies affect our lives

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Reference no: EM13819088

Participate in a discussion with your classmates regarding how fiscal policies affect our lives. As previously covered in Chapter 13, we learned that the real business cycle results from fluctuations in the pace of growth of labor productivity and potential GDP. Thus, utilizing the knowledge that you have accumulated during our course, and by reading or watching the current news, determine the macroeconomic policy issues that face our economy today. Specifically, discuss whether we’re facing business cycle problems, and whether our fiscal policies are influencing aggregate supply, aggregate demand, or both; and the impacts these policies may have on potential GDP.

Reference no: EM13819088

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