Social Studies, 05.05.2021 01:00 levicorey846
Based on the Basic Mechanism diagram in Chapter 4, what effect will each of the following have on the length of an expansion? No explanation is necessary.
a. A slower growing economy.
b. A spike in oil prices when unemployment is relatively low
c. Stronger labor unions
d. Instead of worrying about inflation, The Federal Reserve decides to keep Federal government borrowing cost low by keeping interest rates low.
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