Answer to Question #117414 in Macroeconomics for Sanya Mahajan

Question

The government has an easier job of dealing with the macroeconomics impacts of consumers and inventors being pessimistic about the future of the company than the period of stagnation. Do you agree? Explain

Answer 1

I disagree since it is not easier job of government dealing with macroeconomic factors such as unemployment, interest rates,inflation and technological advancement.To fix this problem,there is need for the government to work extra hard.This is because it must observe technology trends and make prediction out of it how it will affects businesses.It may be difficult for the government to solve the problem of unemployment since controlling the size of the population so that it matches with the resources available it may be difficult.