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- How will you differentiate the 4 stages of the business cycle?1. Write in detail about business cycle with example of an economy(Country)? 2. Write about the Unemployment and also explain types of unemployment with examples? 3. Explain the long run growth?9. Which of the following are stages of the business cycle? Select all that apply. A. trough B. peak C. stagflation D. valley E. supply shock
- please explain it dept with about 2-3 paragraphs thank you! 1) How would scenarios A and B (A: recession, B: Economic Boom) affect the opportunity cost of going to college versus going to work immediately after high school? In which scenario is the opportunity cost of going to college higher? Why?What phase of the business cycle are we in right now and what are the indicators?Draw a diagram showing the Business Cycle and label/show the following on the diagram: 1) A contraction phase 2) An expansion phase 3) The peak and trough 4) One business cycle 5) Growth Path 6) Label both axes. Make sure to clearly label everything.
- 18 In the business cycle, the period when economic activity is going down is known as _________. a. Boom b. Economic discovery c. Inflation d. RecessionDuring a certain period of time, the economic growth of a country is reflected through some phases of the economic cycle. What is a business cycle? Explain. What are the four phases of the business cycle? Explain each one. Do the four phases have a certain order? Explain your answer. Does an economic cycle have a specific period of months or years? Explain your answer.During a given period of time, the economic growth of a country is reflected through phases of the economic cycle. 1.What is an economic cycle? Explain.2. What are the four phases of the business cycle? Explain each one.3. Do the four phases have a certain order? Explain your answer.4. Does an economic cycle have a specific time of months or years? Explain your answer.