Government be experiencing such large budget deficit

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Reference no: EM133974323

1. Suggest one possible fiscal policy to the Greek government to address the debt crisis. What effect would the policy have?

2. Why might the Greek government be experiencing such a large budget deficit?

3. The Minister of Finance has suggested that the Greek government cut public spending by 10%. What effect will this have on aggregate demand?

4. The Prime Minister would like to consider other options and has asked you to present an alternative to increase national income growth in Greece. What is your suggestion to the Prime Minister?

5. Given the recession that the Greek economy is facing, what is the most likely effect on the following economic indicators:

a. Imports
b. Unemployment
c. Inflation

Reference no: EM133974323

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