What phase of business cycle is the US currently in? Explain in detail. Determine the latest GDP [both real and nominal] of the United State? How has the GDP changed since the 2007? What are economists predicting for the current year? What are some events that have occurred, or will soon be resolved that likely will affect the economy in 2011?
I have started on the paper, but am kind of stuck and could really use some guidance. If anyone can offer their assistance, I'd really appreciate it. I need detailed responses, please.