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Experienced a period of rising unemployment

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Reference no: EM131172578

Scenario: The government is currently spending three billion, seven hundred million on programs and brings in two billion, nine hundred million through taxation. In addition, the nation has experienced a period of rising unemployment.

  1. What are the benefits and opportunity costs of the changes you propose? Consider the impact on economic growth, price stability, and unemployment.
  2. How might your efforts to balance the budget conflict with efforts to decrease unemployment, if at all?

Reference no: EM131172578

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