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What is the business cycle? Explain. What is fiscal policy? What are the tools of fiscal policy? Explain...

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Economics

What is the business cycle? Explain.

What is fiscal policy?

What are the tools of fiscal policy?

Explain how fiscal policy can be used in a recession and providean example from our recent economic history.

Answer & Explanation Solved by verified expert
4.1 Ratings (683 Votes)
1 The business cycle is the inevitable upsurge and downsizing of economic activity over time The period is a valuable tool for economic research It can also be of use in making sound financial decisions All companies and societies experience this cycle but the duration of the process varies The Federal Reserve assists with monetary policy in handling the process while the heads of state and legislative bodies use fiscal policy Consumer trust has a role to play in the management of    See Answer
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