Summary Of America's Economy

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By learning about the four parts if the business cycle, it is clear that America’s Economy is in a state of recovery. After about five years of a recession, America is finally steadily traveling up hill in recovery. It was starting to get bad in 2008 when the unemployment rate continued to increase. It was not a great time as Americans but now, we have regrouped and we are in a better position in the economy as we climb up to the top. A few reasons for this recovery are strong banks, flexible economy, less budget cutting, and a roaring stock market. After the recession years back, the U.S worked quickly to restore the banks. The government issued stress tests for the banks to determine how their status is. When the tests came back, the results