EACH QUESTIONHAS THREE to Four SOLUTIONSWeek Four- DQ-1What is the economys current stage in the business cycle? Support your answer with an article written within the last week from the popular press or blog. In light of the text readings evaluate the article and the source of the article. Based on the information determine where the economy fits in the business cycle.Week Four- DQ-2Compare and contrast inflation and deflation. What are some of the damaging effects that each has on an economy? What would be monetary policy prescription to reduce or eliminate each? How would deflation affect your business or a business you are familiar with?Week Four- DQ-3Why is GDP important? List and explain the four spending components (C G I X) of Gross Domestic Product. What are some factors that impact each spending component?Week Four- DQ-4Explain discretionary fiscal policy. How are the tools of fiscal policy used to combat a recession? What aboutinflation?