Using the tools of macroeconomics, identify the primary difference between the two philosophie

Using the tools of macroeconomics, identify the primary difference between the two philosophie

Watch the video titled “Fear the Boom and Bust”.  Using the tools of macroeconomics, identify the primary difference between the two philosophies.  Choose a position and discuss the application of that position on today’s current environment.  Be sure to tell me what you would do, using the tools of economics, to stabilize this economy and move it to recovery.

…………………………….Answer preview………………………………..

The boom in the world of economics refers to the period of  high economic expansion which results into high  GDP, rising asset prices and lower unemployment. Booms usually create  inflationary pressure. In most cases, booms are followed by busts. The bust is the period of economic regression which are characterized by reduced inflation and if extreme…………………..

APA
624 words

Get instant access to the full solution from yourhomeworksolutions by clicking the purchase button below