For the following video please answer these questions.  Business Cycle. http://www.youtube.com/watch?v=TXrOpjG4dUs   1. Refer to your text book and draw and label the Business Cycle. Be able to identify and explain the four stages of the cycle. 2. State the characteristics of recession and expansion. 3. What stage of the business cycle are we in at this time? What facts or data do you know that support this. 4. How does the business cycle influence an individual country’s economy and the actions taken by its government?

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter12: Business Cycles And Unemployment
Section: Chapter Questions
Problem 2SQP
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For the following video please answer these questions. 

Business Cycle. http://www.youtube.com/watch?v=TXrOpjG4dUs
 
1. Refer to your text book and draw and label the Business Cycle. Be able to identify and
explain the four stages of the cycle.
2. State the characteristics of recession and expansion.
3. What stage of the business cycle are we in at this time? What facts or data do you
know that support this.
4. How does the business cycle influence an individual country’s economy and the actions
taken by its government?
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