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Analyze the Graph of Real Gross Domestic Product FRED - Real Gross Domestic Product 20,000 19.000 18.000 Billions of Chained 2012 Dollars 17.000 16,000 15,000
Analyze the Graph of Real Gross Domestic Product FRED - Real Gross Domestic Product 20,000 19.000 18.000 Billions of Chained 2012 Dollars 17.000 16,000 15,000 2006 2008 2010 2012 2014 2016 2018 2020 2022 Shaded areas indicate U.S. recessions. Source: U.S. Bureau of Economic Analysis fred.stlouisfed.org Use Graph Above 1) Looking at the trough in 2020, what do you think a government who believed in supply-side economics would do? Do you think that would help or hurt the economy in this case
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