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What is business cycle in
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- What is business cycle in economics and what are the four phases of business cycle?What do you understand by an economic cycle?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.
- Are there 2 types of business cycles?Why do economists and managers pay attention to the measurements of macroeconomic activity? several elements of these measurements such as durable goods, non-durable goods, etcDraw a graph for economic activity over time that includes all of the partsof the business cycle. Briefly describe the idea of the “great moderation”when it comes to business cycle theory.
- Briefly define the terms in 30 to 50 words each: 1: Stagflation, 2: Depression and 3: RecessionFRED S s The Graph above shows the percentage growth in real GDP. Which phase of the business cycle describes the shaded periods? O Expansion O Contraction O Peak O DepressionWithout 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).
- Macroeconomists are interested in two types of phenomena: economic growth and business cycles. Explain with comprehensive how macroeconomists manipulate economic data in order to study these two problems.What is the process used to evaluate the net economic change brought about by an event?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 andexplain 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 youknow that support this.4. How does the business cycle influence an individual country’s economy and the actionstaken by its government?