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Question regarding the federal government

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Question 1: Describe the trend in real GDP growth during 2007 to the present.  How would you characterize this period in terms of the business cycle? 

Questions 2: During the Great Recession, the federal government provided a lot of new funds to states and cities for "shovel ready" projects. As an economist, was this a good idea? Why or why not? Use the AD-AS to make your case.

Reference no: EM131083107

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