Australia, a developed economy compared to the developing to economy of Pakistan, faced a lesser inflation rate and other macroeconomic difficulties, whereas Pakistan had to keep higher interest rates to cope up with the higher inflation rate and other deficits. ...

• Word Count: 2454
• Approx Pages: 10
• Has Bibliography
• Grade Level: High School

For sure the most concerned and agitated about it is the Federal Reserve System and "Broadly, the Federal Reserve's response has followed two tracks: efforts to support market liquidity and functioning and the pursuit of our macroeconomic objectives through monetary policy " (Krugman P. (2007)). ...

• Word Count: 1664
• Approx Pages: 7
• Has Bibliography
• Grade Level: Undergraduate