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Living change during the last recession

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Reference no: EM131600916

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.
  • 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.

Reference no: EM131600916

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