type a brief answer to the following question.

1. What is meant by the business cycle? Use the Aggregate demand and supply model to explain the causes of the business cycle.
2. The federal government tends to increase their spending to get the economy out of recessions. Explain the expected impact on each of the
3. Most economies in the real world are mixed combining aspects of command and market economies. Towards which of end of this spectrum would you prefer the United States economy to be? Provide your reasons for this. Also explain when or why you might not want it to be so.
4. Give two reasons that support the independence of the Federal Reserve Bank and two reason against such independence.