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What implication do you think that has on the economy

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Question - On BEA website and under 'Publications', visit the Interactive Data Tables. Select the National Income and Product Accounts, and using tables 1.1.6 and 1.1.7 examine all four components of GDP (C, I, G, and Xn).

1. Which of these components of AD changed the most recently?

2. What implication do you think that has on the economy?

3. Do you think an increase in government's spending (G) can boost the Aggregate Demand (AD) in a recession?

4. Given your knowledge of GDP and the BEA data, what stage of the Business Cycle would the U.S. economy be in currently given the trends?

Reference no: EM133177130

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