8d. In the table below, we see that although GDP has increased, the GDP growth rate went down which indicates a possible recession. Advise the government on a monetary policy to promote economic growth in the country. Explain in detail the actions the central bank can take and the expected positive and negative effects on the economy. 2016 2.28 8.3 1.6 7.8 2017 2.43 6.8 Gross Domestic Product (Constant, 2015) $ Trillion Gross Domestic Product (GDP) growth rate% Consumer Price Index (Inflation) % Unemployment rate % Figure 3. A table showing some economic indicators for India for 2016-2017 (WDI, 2023) 2.2 7.7

8d. In the table below, we see that although GDP has increased, the GDP growth rate went down which indicates a possible recession. Advise the government on a monetary policy to promote economic growth in the country. Explain in detail the actions the central bank can take and the expected positive and negative effects on the economy. 2016 2.28 8.3 1.6 7.8 2017 2.43 6.8 Gross Domestic Product (Constant, 2015) $ Trillion Gross Domestic Product (GDP) growth rate% Consumer Price Index (Inflation) % Unemployment rate % Figure 3. A table showing some economic indicators for India for 2016-2017 (WDI, 2023) 2.2 7.7

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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