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Based on the graph below, answer the following questions: a. Is the economy currently overheated or in recession? Explain. b. What kind of policy should

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Based on the graph below, answer the following questions: a. Is the economy currently overheated or in recession? Explain. b. What kind of policy should the government or the Fed implement to fix the current economic problem, expansionary or contractionary? Please give one policy the government could implement and one policy the Fed could implement. c. On the graph, explain how the implementation you mentioned in part b will push the economy back to an ideal position. d. On the graph, explain what will happen to the economy if neither the government nor the Fed will interfere. itput

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