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Elaborate with examples on the component of Business cycle of the economy
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- Question 4 From the economic growth and business cycle. Fill the five phases to fit the graph bellow and give short note about each one.What are the different phases in the typical business cycle?Discuss today’s economy as it reflects the business cycle. See recent reports from GDP 2020 to 1st quarter 2023. Show the business cycle graph starting with GDP in 1st quarter of 2020. What happened to the US economy over this time from?
- What is a business cycle? Explain the four elements of a business cycle and what happens to economic activities and conditions during each element. In your explanation, be sure to touch on the concept of a recession. Use a graph to show the different elements.Explain the current phase of French economy using the business cycle diagram. What are the challenges to reach the next phase?Draw and label a graph for aggregate economic activity over time, including all of the parts of the business cycle.
- Differentiate the four phases of business cycle. Explain each phase with the help of diagram.Without using real data, draw a graph showing how real GDP changes over a business cycle. Label and briefly describe each of the phases of a business cycle on your graph (recession, trough, expansion, peak).Help The following table gives real GDP for a small economy going through a business cycle. Real GDP (2009 Dollars) Year 2010 100 2011 103 2012 103 2013 106 2014 108 2015 103 2016 102 2017 110 a) Which years are peaks? Instructions: In order to receive full credit, you must make a selection for each option. For correct answer(s), click the box once to place a check mark. For incorrect answer(s), click the option twice to empty the box. ?2010 ? 2015 ?2016 ? 2011 ?2012 ?2017 Next> 9 of 15SEE MORE QUESTIONS
