The period in the business cycle from a is called a recession. O peak; new peak O trough; new trough O trough; peak O peak; trough to a

Q: 13) Detail the workings of the real business cycle model.

A: The real business cycle (RBC) model is a macroeconomic model that explains fluctuations in economic…

Q: 18. The phase of the business cycle that follows (goes after) a recession is known as the: recovery…

A: The phase of business cycle are expansion, peak, contraction or recession, trough and then again…

Q: Q2. Explain the business cycle.

A: The business cycle refers to the upward and downward movement of economic activities. In other…

Q: Bob is a lifeguard and it is winter. A. seasonal B. frictional C. structural D. cyclical

A: Unemployment refers to the un availability of a job opportunity to an individual belonging to the…

Q: The lowest part of a recession is referred to as its _________. a. Depression b. Boom c. Trough d.…

A: The state of economy when there is significant decline in the activities of the nation is referred…

Q: Qlb. Consider two companies manufacturing tablets. One relies on workers on an assembly line and…

A: Recession:- Whenever there is a significant fall in business activity, there seems to be a…

Q: With the  AD-AS graph, what variable is on the vertical axes?

A: The AD( Aggregate Demand) and AS(AS) model is the one that represents the national income along with…

Q: Which of the factors below will NOT be a feature of economic recessions? Higher unemployment Low…

A: Answer: Correct option: C (Low government spending) Explanation: A recession refers to the period…

Q: Can i get assistance with this one please?

A: A = Peak B = Recession C = Trough D = Expansion OPTION D Peak follows expansion. This is when…

Q: FRED - Unemployment Rate 10 6. 3. 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 Shaded…

A: In any economy, real GDP provide information about the actual growth in the production of output…

Q: If the employment rate of output exceeds the planned aggreagte expenditure what will happen to the…

A: Keynes posited that unemployment may endure due to insufficient demand in the economy. Keynes was of…

Q: The period during which real output is growing during a business cycle is called

A: ANS Any economy pivots around two phases of business cycles, namely, a phase of expansion & a…

Q: J. What happens to unemployment during and after recessions? K. What is stagflation?

A: Unemployment refers to the number of population who want to work but do not get work.

Q: Which of te following does not contribute to the real business cycle explanation of business cycle?…

A: Real business cycle theory doesn't incorporate aggregate supply.

Q: What must the NBER see before they will announce that the economy has reached the trough phase of…

A: The business cycle is the up-and-down phases of economic activity. It consists of contraction,…

Q: A resource does not have to have utility to be a resource.  True  False

A: Anything that is used to satisfy a need can be termed as a resource. Economic resources are the…

Q: Which of the following is true about Long Run Equilibrium? a. the economy is experiencing Long Run…

A: In the long-run, it can be said that an economy can be operated potentially by using all the…

Q: Q1. Fill in the balnks  The expansion phase of the business cycle is followed by ______________.

A: Business cycle: The periodic expansion/contraction or increase/decrease of a nation's economy, as…

Q: Bob recently retired. A. seasonal frinti

A: Labor force = employed+unemployed

Q: Time 1.During an expansion GDP is (increasing/decreasing) O Increasing O Decreasing

A: Business cycle explains the ups and downs in the economy over a period of time. It shows cyclical…

Q: In real business cycle theory, the primary cause of economic fluctuations is a change in A B…

A: The business cycle refers to the cyclical pattern of economic growth and contraction that occurs in…

Q: On a business cycle diagram, the trough represents: a. An expansionary phase b. A contractionary…

A: Business cycle: A business cycle is a graphical presentation of the coordinated cyclical upswings…

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: 2. During recessions, output a and unemployment both fall b. and unemployment both rise c. rises,…

A: 2) Recession refers to a massive decrease in economic activities, which is usually caused by…

Q: According to the Austrian theory of the business cycle, the following is false A. A cluster of…

A:

Q: Discuss case study “In the News … Bank of England “Dangerously Ill-Equipped” for Next Recession,…

A: A case study is an in-depth study of a particular subject, such as a person, group, location,…

Q: The graph suggests that a main macroeconomic problem facing this economy is: a Price Level (P) n Pe…

A: In the given question, a graph is given of an economy and the main macroeconomic problem has to be…

Q: Suppose real GDP in the country of Quarterville is currently $478075 and potential GDP is $430854.…

A: An inflationary gap refers to a macroeconomic concept that calculates the difference between the…

Q: Notice that real GDP trends upward over time but experiences ups and downs in the short run. These…

A: Hi ! Thank you for the question. we are authorized to answer three subparts at a time. Since you…

Q: MCQ 38 The analysis of the aggregate labour market suggests that a reduction in the supply of labour…

A: Here, it is given that the supply of labor decreases along with the increase in capital stock in the…

Q: Refer to Figure. If the economy starts at c and 1, then in the short run, where does a decrease in…

A: Taxation imposed on goods results in higher investment as common people find it beneficial to invest…

Q: The long run in macroeconomics is the period ef time in which prices do not change or do not change…

A: In long run is a situation where a firm plans to expand or contract its scale of operations. In long…

Q: When an economy is operating in a positive output gap (Inflationary Gap) which of the following must…

A: An inflationary gap is where potential GDP is less than the actual real GDP in the economy.

Q: According to the real business theory the source of the a recession is a slowdown in the growth rate…

A: Recession occurs due to decrease in quantity of money or money supply.

Q: When an economy is operating in a negative output gap (Recessionary Gap) which of the following must…

A: A recessionary gap is where the potential output is higher than the actual output in the conomy.

Q: The lowest part of a recession is referred to as its. O a. Peak O b. Depression O. Boom Od. Trough

A: Business cycle can be seen in the following diagram

Q: Bob just graduated fro college and is looking for his first job. A. seasonal ) B. frictional C.…

A: Unemployment is a term referring to individuals who are employable and actively seeking a job but…

Q: What do I do?

A: a. The government builds an island off of the coast of MarylandPlease see the graph in the…

Q: The movements in the production of motor vehicles and RVs experience large fluctuations during the…

A: Business cycles are a type of fluctuation found in the aggregate economic activity of a nation. It…

Q: Explain why the NBER reported that the 2008 recession began before real GDP had fallen for two…

A: To determine the real GDP the NBER committee calculated the the real GDP and the real GDI (gross…

Q: GDP totaled 12.8 trillion. here was a -2.4 % change from 2008's GDP of 13.2 trillion. The…

A: With GDP in 2009 is -2.4 % less than GDP in 2008, the economy is experiencing contraction in…

Q: lost economists believe that real economic variables and nominal economic variables behave…

A: The classical theory of output and employment is that changes within the quantity of cash affect…

Q: Since 1970, the United States has experienced 5 periods and 2 periods. O stagflationary;…

A: Oil prices quadrupled at that time as a result of significant oil shocks. The phenomena…

Q: Which one of the following is not a cause of recovery? O decrease in prices Increase in spending O…

A: Business cycle refers to the ups and downs of economic activities. Recovery is one of the four…

Q: Evidence indicates that a recession occurs at about the same time as a decrease in investment.…

A: The real business cycle theory is one of the approaches to understand the business cycle in an…

Q: ion in B

A: Brazil had enjoyed a period of rapid expansion of economy and also relatively easy financial…