Problem 1: What are 3 current events that give you some indication of what phase of the business cycle our economy might currently be in. (i.e. news articles that discuss where the economy is in the recession, unemployment rate changes, GDP/output changes, spending changes, inflation changes etc.)?
Problem 2: Based on the 3 of your current events and information, decide where you think the U.S. economy is at in the business cycle and short analysis of the current economy based on your decision?