Economists argue at what point of the Business Cycle our country is now situated. Utilizing the concepts of leading, coincident and lagging indicators analyze the state of our economy. Keep in mind that the Unemployment rate is falling, the price of oil is rapidly declining and gasoline is often under $2.50 a gallon. Describe at what point you believe our nation is presently, and in which direction we are heading.

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Growth has been strong over the last several years and inf... View the full answer