Problem
As the U.S. economy began to expand following the recessions of 1990-1991 and 2001, real GDP grew slowly during the first eighteen months of these recoveries. Why might a Keynesian economist expect real GDP to grow slowly during the initial phase of a recovery?
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.