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.

Q: Recessions are periods of declining economic activity. а. Т b. F

A: Economic Activities refer to the process that totally based on the inputs, leads to the manufacture/…

Q: when does an economy experiences stagflation

A: Government and central bank control the financial and economic functioning of a particular economy.…

Q: Why is GDP (whether nominal or real) almost certainly an incomplete picture of how well an economy…

A: Nominal GDP is the value of goods and services produced in an economy in a year, measured at the…

Q: Find a news headline that refers to the business cycle. What phase of the business cycle does your…

A: The business cycle refers to the cyclical upswings and downswings in the economy. It indicates the…

Q: If GDP is currently running faster than potential GDP, can we say, based on that observation alone,…

A: Rapidly rising GDP above the potential level may or may not be harmful for the economy, it actually…

Q: IN A BUSINESS CYCLE, A PEAK REPRESENTS

A: The fluctuations in the economic activities is known as the business cycle. The economic activities…

Q: Draw a graph of a business cycle. Label and explain each phase of the business cycle.

A: These four stages of business cycle are expansion, peak, contraction, and trough.

Q: Savings and wealth - Although the United States is one of the richest nations in the world, it is…

A: Saving rate basically refers to the measure that a country save from the share of disposal income…

Q: Are there 2 types of business cycles?

A: Trade cycles or business cycles refers to the progression of the economy over a period of time.…

Q: How do we adjust GDP for changes in the price level?

A: To observe the effect of change in price level in the GDP, we consider two different measures. One…

Q: What are the basic feature of business cycle

A: Business cycle is the periodic fluctuations occur in the economy. The alternative phase of business…

Q: Find a news headline that refers to the business cycle. What phase of the business cycle does your…

A: https://www.washingtonpost.com/business/2021/01/28/us-economy-recession/ Is the US still in…

Q: Using real GDP data without seasonal adjustment, a student said, “The US real GDP declined by 3% in…

A: The gross domestic product (GDP) is a metric for measuring a country's economic output. Countries…

Q: Answer the attached question

A: Where a development closes and a downturn starts is known as the pinnacle of the business cycle.…

Q: What is the term business cycle. Please explain it little bit.

A: The subject which includes a discussion about the allocation of scarce resources among the…

Q: In what year and quarter did U.S. real GDP first exceed its pre-recession level?

A: The great recession in the U.S. was a combination of financial crisis with deep recession. The great…

Q: Describe the economic cycle. Give specific details and examples.

A: Economic cycle refers to the fluctuation the economy experiences which causes expansion and…

Q: Which sector of the economy contributed the most to the change in economic activity in 2017?

A: In 2016, Net injection: $50 billion Leakage: $100 billion In 2017, Exports(X)=400, Imports(M)=450,…

Q: people typically pay more attention to their real income or their nominal income?

A: GDP is used to explain the overall economic welfare of a nation. It is used to calculate the…

Q: Nominal GDP does not include inflation?

A: GDP measures the market value of all goods and services produced in the economy.

Q: Increased production but not increased inflation will result ti higher real GDP why?

A: The total value of goods and services produced annually in a country is referred to as gross…

Q: A decline in the interest rate is unlikely to have no effect on GDP? Agree or disagree? Why?

A: Below is the component of GDP: *Consumption *Investment *Government Expenditure *Net-Export

Q: Economists use the phrase "business cycle" when referring to fluctuations in

A: Gross domestic product (GDP) is the total monetary or market value of all the finished goods and…

Q: In the U.S., the Great Depression: lasted from 1990 through 2009. O started in December 2007 and…

A: The US economy witnessed the great economic depression due to the bad credit and housing bubble in…

Q: Why does real GDP always defer from nominal GDP?

A: Real GDP means the value of goods and services produced in the economy during a specific period that…

Q: business cycle:

A: ANSWER:            The correct option is (d) Stage 1 and 4  Explain:-           The four business…

Q: How does inflation affect GDP?

A: GDP (gross domestic product) is vital as it provides data about the magnitude of the budget and how…

Q: business cycle?

A: ‘Business cycle’ refers to a fluctuation in production, employment, trade and general activity in an…

Q: List and discuss three key facts about economic fluctuations.

A: Concept of Economic Fluctuations Economic fluctuations are simply fluctuations in a country's…

Q: What are the four phases in the typical business cycle?

A: The Four phases in the business cycle are  Expansion- Peak- Contraction- Trough-

Q: What are the four phases of the business cycle? How long do business cycles last? Why does the…

A: The downward and the upward movement of the GDP around the trend rate of growth is called the…

Q: Time Which point on the business cycle BEST represents an expansionary phase? A Point C Point B C…

A: Point A = Peak Point B = Recession Point C = Through Point D = Expansion

Q: Distinguish between real and nominal GDP. Which one is a better measure of the business cycle?

A: The GDP is the summation of money value of all the final goods and services produced within the…

Q: Calculate real GDP in 2006, 2008, & 2010 in 2005 dollars. b. What was the percent change in real…

A: GDP is a measure of total aggregate output produced in the economy that can be computed either in…

Q: What else does GDP ignore?

A: As per question, GDP ignores:- GDP ignores many services and products produced as part of household…

Q: How will the current GDP effect our economy

A: Answer - Need to find- Effect of current GDP on the economy    Effect of current GDP on the economy…

Q: How can the business sector affect the economy

A: Business Sector of the economy involves manufacturing, production, buying and selling of products…

Q: examine the relationship between total spending by government and consumers in a nation and the…

A: GDP refers to the aggregate value of total output of all goods and services produced within the…

Q: What is the impact of recession in our economy?

A: The economies around the globe have a limit to the amount of resources available with them. The…

Q: What is economic GDP?

A: Economic growth in a country occurs when more output can be produced within a specific time period.…

Q: In a business cycle , what are the features of stages of expansion ? a ) Rise in national output ,…

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: What are some ways that real values and nominal values differ in measuring the macroeconomy?

A: Nominal value is defined as the monetary value at current prices. Real value is usually measured…

Q: The business cycle describes the change in the standard of living across countries. (O the behavior…

A: A trade(business) cycle may be a cycle of fluctuations within the Gross Domestic Product (GDP)…

Q: During recessions investment a. falls by a larger percentage than GDP.b. falls by about the same…

A: Recession: The recession is the temporary decline in economic activity at a period of time. During a…