Consumer spending comprises

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Imagine you are in charge of both monetary and fiscal policy in the U.S. Since consumer spending comprises at least 2/3 of real GDP, you know that increasing that spending would boost the U.S. economy in the short run. During a press conference, a member of the press asks you what your policy proposals are to increase consumer spending. Also, include the effects your proposals should have on national savings and the value of the U.S. dollar relative to other major currencies.

Reference no: EM131663386

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