Please visit the Bureau of Economic Analysis (BEA) website and look at quarterly data from the last few years of the National Accounts. Can you make a decision on what part of the business cycle the US economy is currently in? Why? What factors lead to this conclusion? You may want to do additional research on sources to reach a conclusion. If so, please identify the sources that added to your analysis.of what part of the business cycle the U.S. economy is currently in? Why? What factors lead you to this conclusion? You may want to do additional research of sources to reach a conclusion. If so, please identify the sources that added to your analysis.

Also, please visit these two websites and compare the current US Real GDP available here: http://www.bea.gov/iTable/iTable.cfm?ReqID=9&step=1 (Table 1.1.6 under Section 1 – Domestic Product And To determine whether the US is currently experiencing a recessionary gap, an inflationary gap, or (a) long-run equilibrium.

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