Problem
1. What is the business cycle? Which part of the business cycle is of particular concern to macroeconomists? Why?
2. What happens to the overall level of prices during periods of inflation and deflation?
3. What is a nation's saving rate and why is it an important concern for macroeconomists?
4. What is a government budget deficit? Why are macroeconomists concerned with budget deficits?
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.