Define the phase of the business cycle

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Reference no: EM132600893

"Unemployment is a major challenge that affects youth across Kenya.

Approximately 800,000 young Kenyans enter the labor market every year and youth unemployment is estimated to be as high as 35%, compared to the overall national unemployment rate of 10%. Furthermore, 80% of unemployed Kenyans are below 35 years old. (World Bank, 2015)"

Now, if "Kenya" wants to control Unemployment rate, your task is:

1. Define the phase of the business cycle that Kenya is going through.

2. To choose the appropriate monetary and fiscal policies.

To provide clear arguments using, AD and AS analysis, to show what are the similarities and difference between the "selected" monetary and fiscal policy? (Use the format with introduction, body text and conclusion)

Reference no: EM132600893

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