1. Macro #6: Economic Cycles The recession ended in September 2010. Why don’t Americans feel like it’s over?

2. Basic Terms Recession : economic downturn that last 6+ months –Great Recession: Dec 2007 – Sep 2010 –What caused it?

3. Depression : severe econ. downturn –Great Depression: 1930s Peak : top Trough : bottom

5. Economic Indicators Signs that show how the economy is doing –Leading economic indicators: predict how econ will do in future Building permits –Lagging indicator: come after the fact Unemployment

6. Macro #7 : How well are we doing? Positive Economic Indicators Negative Economic Indicators 1. Is the economy improving since its low point in 2009? Explain.