Stage of the business cycle
What stage of the business cycle is our economy experiencing at present time? proof your answer.
Expert
There are many phases of a business cycle. Starting from a peak we go down into a recession to reach a trough. From this low point we have a recovery till the next peak is attained. US economy is currently in RECOVERY phase as it tries to increase GDL from the low point of 2009 financial meltdown. Unemployment is falling from its peak levels , inflation is stable and there are signs of improving consumer and business confidence.
The demand for a resource will increase if the
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Substitutes: The two goods for which a rise in the price of one good leads to a rise in the demand for another.
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