Dropbox Question 6

 

Suppose the economy is experiencing a recession with high unemployment.  With a goal of increasing GDP back to the full employment level:

 

  1. What would a liberal economist suggest policy makers do as the correct course of action?
  2. What would a conservative economist suggest policy makers do as the correct course of action?
  3. What would you suggest policy makers do as the correct course of action?

Fully explain your answers.

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