Solved: Phase of the business cycle in the united states, Macroeconomics

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Phase of the business cycle in the united states

Task: Please write a 3 to 4 page essay, and would like help with the following questions:

Problem: What phase of the business cycle is the United States currently in? Describe in detail. What is the latest GDP (both real and nominal) of the US? How has the GDP changed since the year 2007? What are economists predicting for the current year? What are some events that have occurred, or will soon be resolved that likely will affect the economy in 2011?

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Macroeconomics: Phase of the business cycle in the united states

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