Consider the article titled “It’s official: the economy is shrinking”. Answer the following question. Apply the Keynesian Cross model to analyze how rising consumer credit can stimulate an expansion of the UK macro economy. Carefully specify the starting position of your analysis in order to evaluate the possible outcomes.
The question belongs to Economics and the question is about interpreting an article. The article’s title is “It’s official: The economy is shrinking”. Keynesian cross model has to be applied to the British economy and possible outcomes are to be evaluated. The article speaks about shrinking UK economy and Keynesian fiscal policies to be used. The solution has the rest of the details.
Total word count 830
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