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1st quarter GDP = 15.4; 2nd quarter GDP = 15.9; 3rd quarter GDP = 16.0; 4th quarter GDP = 16.3; unemployment has decrease from 5%

1st quarter GDP = 15.4; 2nd quarter GDP = 15.9; 3rd quarter GDP = 16.0; 4th quarter GDP = 16.3; unemployment has decrease from 5% to 3% in one year; CPI has increased from 2.5% to 5.0% in one year. Where in the business cycle would this scenario be placed and why?

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