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Suppose that the U.S. economy is going through expansion. If the Congress then enacts expansionary fiscal policy, what would happen in the economy? What can

Suppose that the U.S. economy is going through expansion.

If the Congress then enacts expansionary fiscal policy, what would happen in the economy?

What can the Federal Reserve System do to counter some of negative effects of the

expansionary fiscal policy?

In addition to your explanation, make sure you draw some graphs to illustrate your reasoning.

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