3. Over the last twenty years, the U.S. economy has experienced
its ups and downs, good times and bad times. Using the last twenty
years as an example, answer the following questions:
Using the last twenty years of economic activity, identify the
four stages of the business cycle, citing the periods the U.S.
economy went through each stage.
Explain how the levels of unemployment, prices, GDP and
industrial production changed with each stage of the business
cycle. You can use...