Question:
Apply your learning of employment (GDP) and inflation in principles of macroeconomics class to analyze the state of the US economy. Also, discuss how it did in recent years and where it is headed in future.
1. what is the stage of the business cycle that the U.S. is currently experiencing? 4 lines
2. The 2001 recession ended in November 2001, but the perception of "bad economic times" lingered into 2002 and 2003. What evidence do these graphs provide concerning the lingering perception of a recession?
Hint: contrast the performance of the unemployment rate and the level of real GDP during the period from 2001 through 2003. 10 lines