The Four Stages Of The US Economy

The economy has four different stages in order to explain the state of the present economy. The first stage is the recovery, which is when the economy is growing. The next stage is the peak or when the economy is at its best this means a lot of people have jobs and businesses are doing very well due to people having jobs to buy things that make the businesses succeed and grow. The third stage is the recession which is when the economy is on the decline, meaning some individuals might lose their jobs by getting laid off or fired. Businesses might not be making enough money which would then cause people to not have as much money in their wallets to spend on products. The final stage in the business cycle is trough which is the worst part. When the economy is in a trough it is not improving or recovering. In my opinion, I believe the U.S. economy is at the recovery stage.

Growth in the job market has a lot to do with why our economy is recovering. For instance, 142,000 jobs have been made this September however the pace is moving slowly. The economy is slowly starting to rise up and improve from the horrible stages we have had in recent years. In addition, 200,000 jobs are being added to …show more content…
Wage growth has only risen 2.2 percent annually due to the slow improvements being made in the economy. Economists have said that they believe the economy isn’t going anywhere anytime soon but for the American people things seem to be a bit unknown and shaky due to how devastating the past few years have