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The Current State of the Economy

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Provide an argument to describe the current state of the economy in terms of the following:
-The economic goals
-The definition of the phases of the business cycle
-The key economic variables described in the text

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Solution Summary

The response provides you a structured explanation of the current economic problems of United States . It also gives you the relevant references.

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--The economic goals
The economic goals are to reduce unemployment rate, increase disposable income, increasing aggregate demand, and to keep inflation at a moderate rate.

--The definition of the phases of the business cycle
The business cycle describes the phases of growth and decline in an economy. The four phases are contraction, ...

Solution provided by:
Hatim Baxamusa, MBA
Education
  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
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