Define each phase of the business cycle and explain how they translate into real life. Upload an example of the business cycle and properly identify each phase. Do not simple copy/paste one from the internet - please draw it, save it and upload it.

In what phase of the business cycle was the US economy in

2014?

What about 2016?

What about 2018?

What about January 2020?

What about July 2020?

What about July 2021?

What about September 2022?

And finally, put on your Economist's Prediction Hat... What about in September 2023 and September 2024?

Please explain your evidence and how you determined your answer in each case. Provide all the supporting material needed.

Remember, you are uploading your Business Cycle graphic, so on that paper, please write your essay.