Problem
a. What three measures of the economy tend to move together during the business cycle? Which way do they move during an upturn? During a downturn?
b. Who in the economy is hurt during a recession? How?
c. How did Milton Friedman alter the consensus that had developed in the aftermath of the Great Depression on how the economy should be managed? What is the current goal of policy makers in managing the economy?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.