Question

what are the macroeconomic issues in our future ?

what are the macroeconomic issues in our future ?

Homework Answers

Answer #1

Due to the current pandemic make there are many macro economic issues that can prevail over the future where they include

1) increase in the unemployment rate due to the economic recession that is bound to happen.

2) reduction in the growth rate of the country and this is also due to recession caused by the outbreak of Covid 19.

3) high tax rates for the people and decrease government spending where the government can adopt a contractionary fiscal policy in order to come out of the recession

4) increasing National debt where the United States is one of the highest National debt countries of the planet this can be burden to each and every citizen on the whole.

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