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Most people agree the economic dip is temporary, and that eventually the economy will rebound, and head back in a positive direction. No one really knows when, or how quickly it will rebound, but almost everyone has a gut feeling about it. There are lots of ways to monitor the strength of the economy, and for the purposes of this excercise, I'd like you to consider employment, orders, production and sales. Here is the question: As of July 3rd, 2009, where is the American economy? Are we still on the way down, as marked in position "D" and "H" on the chart, are we at the bottom now, shown as "M", or have we made it past the bottom and are on our way up, as marked "R" and "V" on the chart?
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What is the current state of the American Economy?
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