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Imagine that the US economy slows down weeks before Thanksgiving due to a speculative recession, and a week later, the Federal reserve / federal government announced an expansionary monetary and fiscal policy

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Imagine that the US economy slows down weeks before Thanksgiving due to a speculative recession, and a week later, the Federal reserve / federal government announced an expansionary monetary and fiscal policy. What impact would this have on the aggregate demand and aggregate supply of goods and services? 

Summarize your answer in a post of 150 words minimum.