Elliot essman asserts that america is a(n) because the very wealthy do not have much impact on the country in general.

Elliot Essman is considered to be a middle-class nation this means that he is in between to the social hierarchy. The more number of middle class in the society it will be considered heatlhy society. The other categories of the hierarchy of the society are the upper class and the lower class.

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.