Macroeconomics, Fall 2012
Final Part Two
“What you need to know about the ‘Fiscal Cli ’”
If there ever was a time when the study of Macroeconomics would be
so pertinent and to the point it is now; specifically over the next three
weeks as Congress continues its discussions over what to do about
their self-imposed (last year this time) ‘(scal cli ’.
To that end, please read the attached article from the Washington Post
(re-printed in the Santa Rosa Press Democrat) and answer the following
questions.
Please make your answers complete and specific.
1 – Why do people feel that without Congress doing something, the
self-imposed ‘(scal cli ’ of prior Congressional action will re-kindle a
recession?
If congress does not take any action to (x the economic state,
