Question: Use the graph below and answer the questions Year Real GDP Unemployment Price level 2017 40.7 6% 100 2018 38.5 18.5% 97 1. Identify the

Use the graph below and answer the questions Year Real GDP

Use the graph below and answer the questions Year Real GDP Unemployment Price level 2017 40.7 6% 100 2018 38.5 18.5% 97 1. Identify the business cycle phase. Explain your answer 2. Describe Central Bank's actions to bring the economy back to the equilibrium Draw the graph corresponding to those activities

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