1. "Squaring the Economic Circle" (quoted from "yousigma.com") attached on page three describes a chain of events might happen, due to Mr. Littleton's divorcing. Read the article and answer the following questions: a. Create your own version of the "Economic circle", either initiated by a spending cut (in the article, Mr. Littleton cut his spending on a new car), or alternatively initiated by an increase in spending (an example is given on slide #5 of PPT). In your creation, describe at least three chain reactions followed by the initial change in spending, and you don't need to make it a full circle like in the article attached. b. In your view, why recession might hit faster and deeper than expected