In a full paragraph (five -six sentences minimum) or more, explain how you would evaluate the current health of the U.S. economy based on your graphs. You may wish to consider the following: What stage of the business cycle is the economy currently in? How do current macroeconomic indicators compare to those from earlier stages in the business cycle (i.e. the recent past)? How do current macroeconomic indicators compare to those from previous periods in which the economy was in the same stage of the business cycle (i.e. how do they compare historically)? Does the economy appear to be improving or declining? At what rate is the economy improving or declining?

FRED - Consumer Price Index for All Urban Consumers: Rent of Primary Residence in U.S. City Average 400 360 320 Index 1982-1984-100 280 240 200 160 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 2000 2002 1000 Source: U.S. Bureau of Labor Statistics fred.stlouisfed.org Shaded areas indicate U.S. recessions.FRED - Interest Rates and Price Indexes; Contract Rate on 30-Year, Fixed-Rate Conventional One-to-Four-Family Residential Mortgage Commitments, Level 9,000 8,000 7,000 6,000 Millions of Dollars 5,000 4,000 3,000 2,000 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 1980 2010 Shaded areas indicate U.S. recessions. Source: Board of Governors of the Federal Reserve System (US) fred.stlouisfed.orgFRED - Average Sales Price of Houses Sold for the United States 560,000 520,000 480,000 440,000 400,000 Dollars 360,000 320,000 280,000 240,000 200,000 160,000 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 1970 1980 1080 Shaded areas indicate U.S. recessions. Sources: Census; HUD fred.stlouisfed.orgFRED. - Monthly Supply of New Houses in the United States 11 10 Months' Supply 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 1970 2000 Shaded areas indicate U.S. recessions. Sources: Census; HUD fred.stlouisfed.org