What is the business cycle? Identify the stages of the business cycle. Present a chart from FRED (https://fred.stlouisfed.org/ (Links to an external site.)) showing how the variable changes over the cycle. You can use GDP growth, GDP level, the unemployment rate, corporate profit or any other series of interest to you. You can also present the GDP or unemployment in Florida for your chart. In your short responses to the questions, you must answer the following questions:
1. In which period of the cycle it is easiest to find work ? When would it be difficult to find a job?
2. In which period your small business is most likely to succeed?
3. In which period the Federal Reserve should increase interest rate? When should the Fed lower the interest rate?
4. In which period of the cycle the Congress + White House should cut tax?
5. In which period of the cycle the Congress + White House should expand spending?
6. Finally, FRED has beautiful charts, but I am not sure you can draw a trend line in FRED. Download the chosen series in Excel and include a trend line.
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