(USE PROVIDED TEMPLATE and please double check the screenshot with the assi

(USE PROVIDED TEMPLATE and please double check the
screenshot with the assignment instructions)
– Identify the Business Cycle Phase:
Clearly explain the stages of the business cycle (trough, expansion, peak, contraction).
Explicitly state which phase of the business cycle the U.S. economy is currently in.
– Support Your Analysis with Indicators:
Research and analyze at least three economic indicators (e.g., housing starts, consumer confidence, GDP growth, unemployment rate).
Use these indicators to provide evidence for your conclusion about the current phase of the business cycle.
– Examine Assumptions:
Analyze any assumptions you or others are making about the relationship between the chosen indicators and the business cycle phase (e.g., low interest rates increase housing demand, or low unemployment raises incomes).
– Explain Monetary and Fiscal Policy Options:
Describe the monetary policy tools available at this phase of the business cycle and who implements them (e.g., the Federal Reserve).
Describe the fiscal policy tools available at this phase and who implements them (e.g., Congress or the President).
– Make a Policy Recommendation:
Recommend a specific monetary or fiscal policy action to move the economy toward full employment.
Alternatively, argue why no policy action is needed at this time.
– Reflect on Implications:
Reflect on the potential consequences of implementing your recommended policy or choosing not to take any action.
– Cite Sources:
Use at least three of these sources—
National Bureau of Economic Research
Bureau of Labor Statistics
Conference Board: Leading Economic Index, Coincident Economic Index
Federal Reserve
U.S. Census (Census Bureau Economic Statistics)
Bureau of Economic Analysis
Congressional Budget Office
Council for Economic Education
– Format and Submission:
Use the provided template to structure your answers.
Write 2-3 pages, excluding graphs and the works cited page.
Include a works cited page formatted correctly with links to your sources.