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Hi. I represent the Government and Fiscal policy. My tools that are available to me are: Taxes and Spending.
Hi. I represent The Fed and monetary policy. My tools that are available to me are: The discount Rate, Reserve Requirement, and the open market.
A Texas economy is good right now because manufacturing and retail.
When spending goes up prices go up, and the new tax code means people will spend more money, and prices will go up. So we are using expansionary tools
The US economy is also good, because our economic activity is up and our unemployment is down. And then our federal refund rate is up.
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