What happens in a: 1. Boom 2.Recession 3. Recovery [Note what happens to the 4 Macroeconomic Objectives]

1. Boom is when the Economy grows Quickly which has Unemployment falling and Inflation Rising 2. Recession is when the Economy sufferss Negative Economic Growth - AD is falling leading to Unemployment rising and Inflation falling 3. Recovery sees the Economy going from Negatively Growing to Positvely growing - AD will be rising.