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| Teaching Since: | Jul 2017 |
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Review what you know about business cycles, GDP, unemployment, CPI, monetary policy, and fiscal policy and respond to the following:
·      How did GDP, unemployment, and the cost of living change during the last recession? Be sure to provide aggregate statistics from the appropriate government sources. Â
·      How was fiscal and monetary policy used to reduce the recessionary gap? Be sure to provide specific examples.
·      What were the expected benefits of the policies adopted? What were the potential costs of the policies adopted?
·      What phase of the business cycle is our economy currently in? Be sure to use current aggregate statistics to support your answer.
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