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What is the "current macroeconomic situation" in the U.S. (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.)? What fiscal policies and monetary policies would be appropriate at this time?

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The current macroeconomic situation in the U.S. is fairly stable, but there are warning signs of a recession in the near future. This is not surprising because the nation has enjoyed almost a decade of uninterrupted growth, and that cannot continue indefinitely.

Inflation has not been much of a problem. It has averaged only three percent over the last three years. In the past three years, unemployment has decreased from five percent to four percent. In these two key areas the economy has performed well in recent years.

One big problem is the trade war with China. This has had a negative impact on American farmers and other U.S. industries. It was also a reason for the declines on Wall Street in late 2018. This trade dispute may be resolved by the summer of 2019.

Another problem for the economy is the erratic leadership of President Donald...

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