The paper is about how the BRICS countries’ newly formed currency which will occur this upcoming August will affect the future of the US and other countries. Basically, you should concentrate on answering the following questions:
The paper is about how the BRICS countries’ newly formed currency which will occur this upcoming August will affect the future of the US and other countries.
What the economic shock will be, how it will impact the US dollar, GDP, inflation and unemployment
What the monetary, fiscal (or other) policy response will be used by the government.
Why do you think this policy will be successful?
Do you think that what will happen make sense in the context of how policy works in our AD-AS model we developed in class?
What do you think will happen to other economies and their currencies in the advanced countries?
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