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Business Cycle: The economy is cyclical and has its ups and downs. The Economy was booming in 2006 and 2007 before the recession when unemployment

Business Cycle:

The economy is cyclical and has its ups and downs. The Economy was booming in 2006 and 2007 before the recession when unemployment rose and GDP fell.

Where are we now? Like many things in economics, you can ask two economists and you will get two different answers on where the economy is. Provide your opinion and back your opinion up with at least one resource.

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