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Draw and label a graph for aggregate economic activity over time, including all of the parts of the business cycle.
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Solved in 2 steps with 1 images
- Based on the pictures of the graphs consulted, comment what is expected from the American economy in the next years in general terms. Are there differences in the forecasts? How do you think the state will act in the future based on the chart variables that inform us about its behavior? What will the behavior of families and companies be like? Write in an essay form after all the questions have been answered. Using these graphs provided, Answer the questions in an essay format, comparing the two.Describe the economic cycle. Give specific details and examples.Draw a graph of a business cycle. Label and explain each phase of the business cycle.
- What happens to a country's consumption as it moves along the business cycle? Track its behavior from the starting phase of the business cycle until its last.Based on the graph, how many recessions has France economy undergone over the years plotted in the chart? Remember shaded areas shows recession. What are the two biggest recessions in terms of length and magnitude? 2020 is not included.Business Cycle: 1. Graph the business cycle and label the 4 economic periods 2. What is the difference between a Recession and a Recovery period? Use GDP, Inflation and Unemployment to compare these economic periods.