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Short-comings of measuring total production

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Reference no: EM131181565

1. Explain how total production is measured?

2. Discuss the short-comings of measuring total production.

3. How does the fed measure inflation?

4. Discuss the federal reserve and treasury department responded to the financial crisis that began in 2007-2008.

5. How does the government use fiscal policy to stabilize the Economy. ( be sure to include both expansionary policies and contractionary policies)

6. Explain the effects of recession and inflation, holding constant monetary policy, on aggregate demand.

(Make sure each answer should be 7-8 lines.)

Reference no: EM131181565

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