Describe the cyclical and long-term growth patterns of U.S. economic activity over the past 40 years.

Assignment Directions: In Module 1, you learned about the basic business cycle framework of the National Bureau of Economic Research (NBER) and the Conference Board. Below are objectives: Describe the cyclical and long-term growth patterns of U.S. economic activity over the past 40 years. Describe and apply the business cycle concepts of the National Bureau of Economic Research (NBER) to U.S. economic activity. Describe and apply the cyclical indicator approach of the Conference Board to understand the current state of the economy and to forecast its future state. Describe the contrasting Keynesian and Monetarist views on the causes of business cycles and explain why divergent economic policy recommendations result. For this assignment, please write on the following issues: How important are the topics covered for leadership of your organization or for your own development as a leader? Be sure to note which objectives listed above you are describing. We already discussed economic forecasting and its applications. How can you apply economic forecasting as you plan and develop your career? Will economic forecasts affect your personal career path? Note that it’s okay if the objectives above won’t impact your career just be sure to note that and why.