Please listen to this podcast from The Federal Reserve, "The Business Cycle." https://www.stlouisfed.org/education/economic-lowdown-podcast-series/episode-18-the-business-cycle

Consider how the economy has performed throughout your life. Identify a time you believed the economy was in a peak or a trough. When was the economy expanding? When was it contracting? Describe the overall trajectory of the economy throughout your life.