Given GDP,labor productivity,unemployment, and the business cycle,what phase of the business cycle do you believe the United States is currently in? Explain why you selected this phase. While many economists had predicted that the conclusion of the extended $300 unemployment benefits for many who lost their jobs during the pandemic would lead to an increase in hirings during September, that was not the case. Do you think that will change in the upcoming months and many of the available jobs will be filled? It has been reported that many companies are raising wages to entice workers. Will these higher wages in combination with the loss of benefits lead to increased employment and labor force participation or not? What do you predict will occur with regards to GDP and the location of the United States economy in its business cycle? United States in 2021