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Which of the possible global futures is most likely? How should the United States prepare for...

  1. Which of the possible global futures is most likely? How should the United States prepare for it?

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Answer #1

Possible global futures suggests sharp dip in commodity prices as well as plunge in real estate as an asset. Moreover, we can see global recession likely due to spread of pandemic.

The United States can avert this situation using an expansionary fiscal policy by reducing taxes and inducing higher spending and automatic stabilizers as well as expansionary monetary policy by central bank. Structural reforms for metals and mining and real estate sectors can help revive economic growth.

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