The graph shows the annual GDP growth rate of the United States economy since the first quarter of 1990. 1-According to what was discussed in the course about the phases of the economic cycle, how can you represent the concept in this graph? Explain. 2-Without necessarily having numerical data, what level (high or low) of unemployment could have been recorded in some of the periods presented in the graph? Explain your answer indicating why. 3-Without necessarily having numerical data, what level (high or low) of inflation could have been recorded in some of the periods presented in the graph? Explain your answer indicating why. 4-How do you correlate your answers in the previous questions with the phases of economic cycles and their short- and long-term effects? Explain your answer.