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Business, 10.03.2021 17:50 nahimi

Genovia has a natural unemployment rate of 8%, an actual unemployment rate of 11%, and inflation rates of 3%. Identify the problem in the scenario above.

1. What type of policy will Congress and the President use?
2. How will they use ALL of their tools to influence the economy?
3. What type of policy will the Federal Reserve use?
4. How will they use ALL of their tools to influence the economy?
5. What is the expected effect of these policies on GDP, unemployment and prices?

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