need help with discussion questions 31
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1) Read the journal article, “Five Big Steps toward Faster Global Growth”. Based on the information presented in the article, discuss the following:
- What are the challenges that the US economy will be faced with given a higher debt limit for future economic growth?
- Describe what would happen to GDP, the unemployment rate and the inflation rate if there is a decline in global growth. Reference: Malpass, D. (2014, January 22). Five big steps toward faster global growth (Links to an external site.). Forbes. Retrieved from http://www.forbes.com/sites/currentevents/2014/01/…
2)Inflation is an important policy issue because it causes a redistribution of income and wealth, and discourages saving and investment. Discuss how inflation affects borrowers and lenders, asset prices, and households on fixed incomes.
Reference: Chapter 4, section 4.3: Gainers and Losers from Inflation.
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