Please listen to this podcast from The Federal Reserve, “The Business Cycle.” (link: https://www.stlouisfed.org/education/economic-lowdown-podcast-series/episode-18-the-business-cycle)
Consider how the economy has performed throughout your life.
Identify a time you believed the economy was in a peak or a trough.
When was the economy expanding?
When was it contracting?
Describe the overall trajectory of the economy throughout your life.