IN A BUSINESS CYCLE, A PEAK REPRESENTS

Q: Identify the parts of the business cycle 1-7 Real GDP # 5 #6 #1 Real GDP # 2 #7 # 4 Time

A: In economics, the business cycle is the diagram that helps in understanding the periods of…

Q: Discuss during which phase of the business cycle the inflation is most pronounced

A: During Expansion Phase which phase of the business cycle the inflation is most pronounced.

Q: when does an economy experiences stagflation

A: Government and central bank control the financial and economic functioning of a particular economy.…

Q: Why do economists use index numbers to measure the price level rather than dollar value of goods?

A: When an economy faces a continuous increase in the prices of all goods and services, it is said to…

Q: The part of the business cycle in which output, or Real GDP, increases and cyclical unemployment…

A: Real GDP is the value of final goods and services produced in the economy within a given period of…

Q: If GDP is currently running faster than potential GDP, can we say, based on that observation alone,…

A: Rapidly rising GDP above the potential level may or may not be harmful for the economy, it actually…

Q: The natural level of real GDP is that evel of

A: GDP is the gross domestic product of the nation, which is the total value of goods and services…

Q: Draw a graph of a business cycle. Label and explain each phase of the business cycle.

A: These four stages of business cycle are expansion, peak, contraction, and trough.

Q: Why is deflation bad for the economy? Does not deflation make us better off because things are…

A: Deflation is described as a long-term decrease in the prices of all products and services produced…

Q: Individuals leave the labour force when they:  (a) find employment. (b) become unemployed. (c)…

A: Labor force is the number of people willing and and able to work.

Q: During an economic expansion, real GDP ____ and unemployment ____. (a) increases, increases (b)…

A: Labor, which is an deterministic factor of Real GDP. That is Real GDP = Y= f(L, others).

Q: How do we adjust GDP for changes in the price level?

A: To observe the effect of change in price level in the GDP, we consider two different measures. One…

Q: gdp?asap

A: GDP = C + I + G + NX  C - Consumption  I - Investment G- Government expenditure  Nx - Net export

Q: what are the causes of economic fluctuati

A: Answer -

Q: Of the recessions we studied, we learned that the recessions in and lasted the same number of…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Which of these will be the cause of a huge cyclical unemployment? а. Lack of infrastructure

A: Unemployment is an economic situation in which a person who is willing to work does not find work.…

Q: Using real GDP data without seasonal adjustment, a student said, “The US real GDP declined by 3% in…

A: The gross domestic product (GDP) is a metric for measuring a country's economic output. Countries…

Q: What is the importance of this macroeconomic (GDP)  indicator? Is it also important for Qatar?

A: 1a) Gross domestic product is important on the grounds that it gives data about the size of the…

Q: Answer the attached question

A: Where a development closes and a downturn starts is known as the pinnacle of the business cycle.…

Q: What is the term business cycle. Please explain it little bit.

A: The subject which includes a discussion about the allocation of scarce resources among the…

Q: Briefly define the terms in 30 to 50 words each: 1: Stagflation, 2: Depression and 3: Recession

A: Stagflation: As we know that stagflation is considered as a type of economic cycle in which both…

Q: Sh r eloor i m s eesm The Graph above shows the percentage growth in real GDP. Which phase of the…

A: "Business cycles are a sort of fluctuation in a country's overall economic activity... A cycle is…

Q: Increased production but not increased inflation will result ti higher real GDP why?

A: The total value of goods and services produced annually in a country is referred to as gross…

Q: Economists use the phrase "business cycle" when referring to fluctuations in

A: Gross domestic product (GDP) is the total monetary or market value of all the finished goods and…

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: real business cycles

A: Real business cycle is abbreviated as RBC  . Business cycle shows the fluctuations of economy which…

Q: Why does GDP depend on productivity in the long run?

A: Gross domestic product (GDP) is the monetary value of all final goods and services produced within a…

Q: How does inflation affect GDP?

A: GDP (gross domestic product) is vital as it provides data about the magnitude of the budget and how…

Q: Calculate the aggregate production rate:

A: Cost Accounting refers to the accounting which helps in calculating the cost of the product &…

Q: What are the four phases of the business cycle? How long do business cycles last? Why does the…

A: The downward and the upward movement of the GDP around the trend rate of growth is called the…

Q: Time Which point on the business cycle BEST represents an expansionary phase? A Point C Point B C…

A: Point A = Peak Point B = Recession Point C = Through Point D = Expansion

Q: The first panelist, Stephen Stanley, suggests the economy may be over‑heating, while the second, Bob…

A: Concept: Overheating refers to when the economy is using its all resources at full capacity. This…

Q: What is Business Cycle?  Definition of leading, coincident, lagging indicator?

A: An economic cycle that reflects the rise and fàll of national GDP over the long term. The business…

Q: What are the main causes of a business cycle? Is there one main cause?

A: A business cycle refers to the upward and downward movement of the Gross Domestic Product (GDP)…

Q: Economists find in a business cycle, a peak represents the end of and a trough represents the end of…

A: The business cycle shows the trends of the gross domestic product (GDP) and how it expands/changes…

Q: Determine which phase of the business cycle is associated with each event.

A: There will be always fluctuations in economy and it goes through various stages like peak,…

Q: what kind of relationship is between GDP and unemployment

A: GDP from expenditure approach includes consumption expenditure, investment expenditure, net exports…

Q: The business cycle describes the change in the standard of living across countries. (O the behavior…

A: A trade(business) cycle may be a cycle of fluctuations within the Gross Domestic Product (GDP)…

Q: A government plans to roll back labor market reforms that made it cheap to lay off workers. What…

A: Labour market reforms don’t have direct correlation with the GDP. No empirical data suggest that…

Q: The period between a business cycle trough and the subsequent peak is called

A: The economy is the study of scarcity and limited resources. The choice is made in such a manner that…

Demand and Supply

The concept of demand and supply is important for various factors. One of them is studying and evaluating the condition of an economy within a certain period. The analysis or evaluation of the demand-side factors is important for the suppliers to understand the consumer or individual behaviour. The evaluation of supply-side factors is important for the consumer or individuals to understand that what kind of combination of an economic good or what kind of economic good and services he or she should consume to maximise his utility and minimise the cost. Therefore, in microeconomics, both of these concepts are extremely important to have an idea that what exactly is going on in the economy.