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Manage the business cycle

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You use money just about every day. What is money and what functions does it perform? How is the supply of money measured? Who influences how much liquidity is created or reduced in the U.S. economy?

What would happen if no one tried to manage the business cycle? What role do you see for the Executive Branch of the U.S. government in managing the business cycle? How does fiscal policy work? What are its limitations? How does monetary policy work? Who is responsible for setting and implementing monetary policy?

Reference no: EM131177169

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