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GDP is up .3% for the previous qtr and has risen 3.3% during the previous 12 months CPI is up .3% for the previous qtr and has risen 3.3% during past 12 months

GDP is up .3% for the previous qtr, and has risen 3.3% during the previous 12 months. CPI is up .3% for the previous qtr, and has risen 3.3% during past 12 months. Unemployment is at 3% for the previous qtr, and has declined from 3.5% over the past 12 months." What phase of the business cycle is the economy in? How do you know? Do you want Aggregate Demand to move? Which way? Why? 

May 01 2020 View more View Less

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