What would we expect to be happening to aggregate demand, unemployment, inflation and the current account of the balance of payments in the expansionary [boom] phase of the business cycle? In each case give a short account of cause and effect.

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The Answer of What would we expect to be happening to aggregate demand, unemployment, inflation and the current account of the balance of payments in the expansionary [boom] phase of the business cycle? In each case give a short account of cause and effect.

What Would We Expect to Be Happening to Aggregate Demand