f inventories are increasing, what part of the business cycle could we be entering? Group of answer choices Depression Peak Recession Expansion

Q: Which of the following did the United States undertake to migitate the Great Recession ?

A: The great recession would result in the situation of a lower GDP and a lower price level. The great…

Q: Jugs of soda 20 2.00 30 1.50 1. The tables above give the purchases of an average consumer in a…

A: When we consider 2015 as a base year. E. Expected real income in 2016 = quantity of 2016*price of…

Q: A recession in the United States is likely to raise the growth of real GDP in Europe. Do you agree…

A: Since Europe is the largest trading partner with the U.S., a recession in US will have a major…

Q: Why is a slow growing economy a problem during a recession?

A: To find : Why is slow economy a problem during recession.

Q: If aggregate expenditures are equal to 15,000, and GDP is 20,000, then unplanned investment is…

A: At equilibrium, Aggregate expenditure is equal to GDP. That means planned expenditure equal to GDP.…

Q: During a recession: O potential GDP declines potential GDP increases real GDP declines

A: Gross Domestic Product (GDP) is the total value for final commodities manufactured in an economy.

Q: What is potential GDP How did the Keynesian perspective address the economic market failure of the…

A: GDP stands for Gross Domestic Product. It is a measure of value of all goods and services that are…

Q: When an economy goes into a recession (a decline in GDP) government savings usually Select one: a.…

A: Reccession means slowing down of business and economic activities in the economy. This means less…

Q: Define stagflation?

A: The persistent increase in the price level is known as the inflation. Inflation is worrisome for the…

Q: What are inflationary and recessionary gaps in the economy? How do they impact the economy?

A: Deflation is defined as a drop in the overall price level of all products and services in a specific…

Q: What were John Maynard Keynes views of the causes of recessions and solutions to fixing them?

A: A recession is a situation of economic contraction, where businesses experience low demand and there…

Q: A recession is Select one: a. a rise in unemployment accompanied by a rise in inflation b. a…

A: Stabilisation of the economy is one of the core objective of government . Instability consists…

Q: Which of the following will NOT lead to an increase in real GDP?   A. On average, people in a…

A: Real GDP is the money value of goods and services at constant prices that are produced within the…

Q: In what year and quarter did U.S. real GDP first exceed its pre-recession level?

A: The great recession in the U.S. was a combination of financial crisis with deep recession. The great…

Q: Use Figure 6 to answer questions 30: RGDP| E A D Time Figure 6 30. In Figure 6, which area…

A: The diagram given in the question belongs to business cycle of an economy.

Q: Discuss the main macroeconomic objectives that economists use to assess the performance of an…

A: Macroeconomics is that branch of economic science that studies the behavior and performance of an…

Q: If the GDP deflator increases, we say that we had   Group of answer choices a) recession. b) none of…

A: In an economy z GDP deflator is used to compare nominal GDP and real GDP or to show the ratio of…

Q: Define the term economic recession?

A: Economic recession is common in capitalist economy. It is an important part of ‘Economic trade…

Q: Construct the AD, SRAS, and LRAS curves for an economy experiencing (a) full employment, (b) an…

A: (a) Full employment: full employment is the situation in which all labors from the labor force work…

Q: The phase of the business cycle in which real GDP declines is called: a recovery. the trough. a…

A: Business cycle: Also known as economic cycle or trade cycle, business cycle are the fluctuation in…

Q: describing the economic viewpoints and theories of John Maynard Keynes.  What were his views of the…

A: When studying the economy using different schools of economic thoughts, John Maynard Keynes was one…

Q: When real GDP declines during a recession, what typically happens to consumption, investment, and…

A: In an economy, any change in the real GDP will have a significant impact on the economic variables…

Q: Suppose from one year to the next, the GDP deflator increased by 3% and nominal GDP increased by 1%.…

A: GDP Deflator helps to change in prices of all goods produced; only includes goods produced…

Q: Which of the following will NOT lead to an increase in real GDP?   A. On average, people in a…

A: Real GDP is an inflation-adjusted GDP that means goods and services produced in a country at base…

Q: Which of the following is correct?a. Over the business cycle consumption fluctuates more than…

A: a) During business cycle peak, recession, depression, and recovery both consumption and investment…

Q: Which of the following would NOT cause a shift in AD? Select one: a. A reduction in interest rates…

A: The aggregate demand curve,or AD curve, shifts to the right as the components of consolidated…

Q: Which kind of economic measures do you recommend at the current economic situation which is…

A: A stagflation situation is characterized by a high inflation rate and low economic growth. This…

Q: Why do economists and managers pay attention to the measurements of macroeconomic activity?

A: Measurements of macroeconomic activities are done by monitoring the inflation rates, gross domestic…

Q: You are shown the statements below. Which of the following is/are true? Statement 1: During a…

A: Meaning of Business Cycle: The term business cycle refers to the measurement of whether an economy…

Q: If Full employment GDP is greater than equilibrium GDP, the economy is facing

A: Full employment GDP is the maximum level of GDP that can be attained in the long run. Equilibrium…

Q: what might explain the differences seen in the role of consumption and investment during the…

A: Role of Consumption and investment is very important whether it is recovery or recessionary phase of…

Q: Why did Keynes believe that the proper response to a period of recession was for the government to…

A: Keynes' macroeconomic view is referred to as the most practical view in economics as it deals with…

Q: What is the impact of recession in our economy?

A: The economies around the globe have a limit to the amount of resources available with them. The…

Q: , which expenditure level will result in a recessionary ga

A: When the actual production in an economy is less than its potential production it is called as…

Q: Fill in the Blanks A. The business cycle is defined as the periodic cycle up and down movement of…

A: Gross domestic product (GDP): - GDP is the market value of all final goods and services produced in…

Q: ich of the following components of consumption spending typically sees the largest decline in demand…

A: As we know A recession is a time of financial compression rather than development in it. During such…

Q: What is the central economic idea humorously illustrated in Art Buchwald’s piece, “Squaring the…

A: Recession: It is a macroeconomic term that alludes to a huge decrease by large monetary movement in…

Q: Is there a personal responsibility to intervene and assist in a recession? Should Christians step up…

A: Well technically christians cannot do much in recession.It is the responsibility of the government…

Q: Who is John Maynard Keynes? What time period did he write?  What did he believe about the market’s…

A: John Maynard Keynes was an English Economist who presented his ideas in the field of macroeconomics…

Q: Comment, on the likely outcome with sufficient arguments? a) Impact on GDP when, Interest rates…

A: a)When the rate of interest within an economy is reduced, more people will be willing to borrow…

Q: MPC and MPS measure changes in consumption expenditure and saving that result from changes ?. A.…

A: The Marginal propensity consume (MPC) measures the rate of change of consumption due to a change in…

Q: Stagflation

A: Stagflation is a word which is made by two words: 1. Stagnation 2. Inflation

Q: Inventories growing happens when A) The economy is at equilibrium In a economic contraction phase In…

A: Inventory refers to all of a company's commodities, products, items, and materials that are retained…