You are a chief economic advisor for the federal government. You are asked economic policy recommendation to improve economic outcomes. Here is some information of the current economy; Last year This year Real GDP growth 1. 3% 2. 7% Inflation 1% 1. 8% Unemployment 8% 10% Government debt (or national debt) has accumulated due to several years of tax cuts and spending increase. Lastly, there has been trade deficit for over five years. Explain your policy recommendations based on macroeconomic theory
