Question: questions are bellow Extra Credit: 3 points total ANSWER MUST BE PROVIDED IN THE SPACE BELOW to receive credit. (do not upload answers separately.). According
questions are bellow


Extra Credit: 3 points total ANSWER MUST BE PROVIDED IN THE SPACE BELOW to receive credit. (do not upload answers separately.). According to Keynesian Theory, stabilization policy (i.e. Aggregate Demand Management) should not be used to smooth out the business cycle. This is because there are 3 key problems with using any policy to stabilize the economy. Discuss 2 of these problems below. Provide complete statements (i.e. in paragraph forms), do not just list ideas.SHORT ANSWER: Upload your answer on iLearn. [5 points] Draw a diagram showing the Business Cycle and label/show the following on the diagram: 1) A contraction phase 2) An expansion phase 3) The peak and trough 4) One business cycle 5) Growth Path 6) Label both axes. Make sure to clearly label everything
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