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GDP is down 5% for the previous quarter after having been in a decline for the previous twelve months CPI has been steady for the past 12 months Unemployment has risen

Question #1." GDP is down .5% for the previous quarter, after having been in a decline for the previous twelve months. CPI has been steady for the past 12 months. Unemployment has risen .8% during the previous quarter, after having risen steadily for the past 12 months." (1) What phase of the business cycle is the economy in? How do you know?(2) Do you want Aggregate Demand to move? Which way? Why? (3) List one fiscal and one monetary policy that you could use to influence the economy, and tell how you would use them.

May 01 2020 View more View Less

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