Consider how the economy has performed throughout your life. Identify a time you believed the economy was in a peak or a trough. When was the economy expanding? When was it contracting? Describe the overall trajectory of the economy throughout your life.
How you identify the trajectory of the economy will depend on your own economic position and how it has changed throughout your life. If your socioeconomic status is tied to Wall Street, you might identify the present moment as a peak. Wall Street is performing remarkably right now. If your financial well-being is tied to working at a restaurant or performing at a nightclub, you might identify this moment as a trough.
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Latest answer posted February 21, 2013 at 6:19:01 AM