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A period when the economy shrinks is known as OA) a recession. O B) a contraction. O C) a slump. OD) all of the above.
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- how can a firm mantain a smooth production schedule even when sales are fluctuating? what are the benefits of a smooth production schedule? what are the costs?Consider the following actual and forecast demandlevels for Big Mac hamburgers at a local McDonald’s restaurant:DAY ACTUAL DEMAND FORECAST DEMANDMonday 88 88Tuesday 72 88Wednesday 68 84Thursday 48 80FridayThe forecast for Monday was derived by observing Monday’sdemand level and setting Monday’s forecast level equal to this demand level. Subsequent forecasts were derived by using expo-nential smoothing with a smoothing constant of 0.25. Using this exponential smoothing method, what is the forecast for Big Macdemand for Friday?Explain the relationship that economic variables can have with businesscycles. These have both direction and timing. Give an example economicvariable of each combination of direction timing. Of these two attributes, ifyou had exclusive access to a reliable variable, which relationships wouldyou want this variable to have for forecasting purposes
- During the Covid-19 recession, from the fourth quarter of 2019 to the fourth quarter of 2020, consumer spending on residential construction ________ and consumer spending on services ________. Part 2 A. declined by 20 percent; increased by 20 percent B. increased by 5 percent; increased by 10 percent C. increased by 20 percent; declined by 5 percent D. declined by 25 percent; declined by 40 percentExplain the relationship between these two formulas: Y = C + I + G + EX – IM S = (Y – T – C) + (T – G)Suppose the economy is producing at its potential output. Now suppose that consumers and businesses become more pessimistic about the economic outlook. As a result, in the short run the_____________________. Select one: a. output will remain at potential b. output will rise above potential c. output will fall below potential d. output will at first rise above potential, and then return to potential
- Question 67 A prolonged period in which investment prices fall and usually occur when the economy is in a recession and unemployment is high, is O a Bull Market O a Bear Market O 52 Week Low Poison PillIf unplanned inventory investment is positive, then Select one: O a. planned aggregate expenditure must be greater than aggregate output O b. None of the options c. planned aggregate expenditure must equal aggregate output O d. planned aggregate expenditure must be less than aggregate outputAn American retailer purchased 100 pairs of shoes from a company in Mexico in the second quarter of 2016 but does not sell them to a consumer until the third quarter of 2016. In which quarter(s) does(do) the value of the shoes add to U.S. GDP? O the third but not the second quarter O the second quarter but not the third quarter O the second and third quarters O neither the second nor the third quarter Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
- The U.S. economy is initially in short-run macro-equilibrium. Assume that, in the face of Covid-19, firms’ costs increase as they must comply with safety regulations to keep their employees safe at work. As a result, we observe the following in our economy: Question 31 options: a) Both the price level and real GDP decrease b) The price level increases and real GDP falls c) The price level falls and real GDP increases d) Both the price level and real GDP increase.Question 1. When the interest rate increases, the price of consumption when old relative to the price of consumption when youngoptions: O. decreasesO. increases O. has an indeterminate change O. does not changeWhich of the following fall during a recession? O both retail sales and employment O retail sales but not employment O employment but not retail sales O neither employment nor retail sales
