The us increases trade restrictions with china | ECON 201 Macroeconomics
Please answer the questions below in no more than 500 words based on the following posed trade policy scenario: The US increases trade restrictions with China. How does this affect Aggregate Demand and Supply? What are the corresponding effects on Unemployment and Inflation as a result? What fiscal and or monetary policies would you recommend to bring the economy back to Long Run Equilibrium? […]