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The article states that the economy is on a downward spiral......first quarter of 2019. Explain which phase of the business cycle this represents. (5) 4.2.2
The article states that "the economy is on a downward spiral......first quarter of 2019." Explain which phase of the business cycle this represents. (5) 4.2.2 The article further states that "growth in the real disposable income......and slower wage growth." In terms of this statement, discuss the type of fiscal policy that government can implement to remedy this situation, paying specific attention in your answer to the tool that needs to be targeted. (5) 4.2.3 Discuss a demand side policy that can be implemented by government to reduce unemployment mentioned in the article
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