Many developed countries have recently witnessed high inflation and a rise in interest rates. This situation emerged soon after the recovery from the wide-spread recession caused by the COVID-19 pandemic. The Keynesian school underlines the need for policy intervention in response to business cycle fluctuations in the economy. Topic: In the above background, consider you are an economic adviser to the International Monetary Fund (IMF). The IMF Chief wants you to prepare a report (your assignment) analysing the following aspects of the business cycles