N6

Graph the business cycle with GDP on vertical axis, years in horizontal axis. Then, draw in general long-term trend line, at least one business cycle with all its 5 stages. Indicate the 5 stages, plus output gap, peak and trough clearly on the graph. The vertical axis is to be at least 6-8 inches tall, and the horizontal axis is to be least 5-6 inches wide. You may need to learn the Draw mode in Microsoft Word for this part of the assignment. Next, 11-by-5 matrix of narratives that substantiate the business cycle. The skeletal design of the matrix is as follows. Your job is to copy the following table and fill the 50 empty cells with alpha-numeric narratives.