The first panelist, Stephen Stanley, suggests the economy may be over‑heating, while the second, Bob Browne, maintains that the current rate of growth is the highest the economy will see for the foreseeable future. Indicate where in the business cycle Stanley and Browne conclude the economy is currently by placing the points SS (Stanley) and BB (Browne) on the graph. Real GDPTimeSSBB

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Chapter11: Gross Domestic Product
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The first panelist, Stephen Stanley, suggests the economy may be over‑heating, while the second, Bob Browne, maintains that the current rate of growth is the highest the economy will see for the foreseeable future.

Indicate where in the business cycle Stanley and Browne conclude the economy is currently by placing the points SS (Stanley) and BB (Browne) on the graph.

Real GDPTimeSSBB

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