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The Four Stages Of Economic Recovery In The United States

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An economy consists of all activities related to making and distributing goods and services in a geographic area. Each economy will go through the many stages of the business cycle. This cycle comes to represent the alternating periods of growth and decline. There are four stages in a business cycle, the first being recovery. The recovery is when an economy is still growing and headed for the peak. The peak indicates the point where the economy is as robust and prosperous as it can get. The third stage is the recession. Recessions represent the decline of the economy and are headed toward a trough; the economy’s worst point. Based on this information I have come to the conclusion that the economy of the United States is currently in the recovery stage of the business cycle. One of the main factors that helped the country start its economic recovery was when Obama signed the Recovery Act in 2009. The act was written in response the recession in the US, and was meant to help immediately save and create jobs. The Recovery Act was also supposed to provide relief programs for those most drastically impacted from the economy and invest in health, education, and infrastructure. The Recovery Act …show more content…

The property prices in numerous cities climbed 13.6 percent from October of that year. The steady decrease in the amount of foreclosed properties has also helped to reduce the supply of homes for sale. This results in higher prices. In addition to these higher mortgages comes payment for large household items. Buying a home becomes one of the most expensive purchases in one’s lifetime, and filling it all with furniture will cost even more. Therefore the already increase in the housing market will continue to help the economy grow even more as people decide to buy more homes. Buying homes also means more must be built, therefore the work force is positively affected as

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