The International Monetary Fund (IMF) generally recommends contractionary fiscal policy for countries with budget deficits greater than 5% of GDP. The US has been over that figure on a consistent basis yet there is no such recommendation for the US. This is because O the US borrows in its own currency O The US controls the IMF as a very large economy things are just different the US is not a member of the IMF

The International Monetary Fund (IMF) generally recommends contractionary fiscal policy for countries with budget deficits greater than 5% of GDP. The US has been over that figure on a consistent basis yet there is no such recommendation for the US. This is because O the US borrows in its own currency O The US controls the IMF as a very large economy things are just different the US is not a member of the IMF

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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