Answer The Following Questions Based On The Text And Lecture Materials Along Wit

Answer the following questions: Based on the text and lecture materials, along with current data, make an argument for the state of the economy. Are we in a recessionary or inflationary gap? Neither? Are we in a deep recession? Are we in a large inflationary gap? If we are in neither, what direction (recession or inflation) is the economy headed in your opinion? [Note that you may use other data, in addition to BLS and BEA data, in your argument.]

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