Typically, when will the National Bureau of Economic Research​ (NBER) announce that the economy is in a​ recession?     A. on the date that the recession begins   B. ​typically, more than 10 years after the recession begins   C. about six months before the recession begins   D. a year or more after the recession has begun

Q: Questio When is a country said to move into a recession? a) If actual output falls below the…

A: A recession is classified as a significant reduction in overall economic activity that lasts more…

Q: . If aggregate demand shifts right, what is equilibrium output? d. if aggregate demand shifts left,…

A: The curve that depicts various quantities of goods and services being demanded at various levels of…

Q: State both definitions of a recession, the old/traditional definition and the new/modern definition.…

A: Recession is a macroeconomic concept. It is a part of business cycle and it comes after the Boom or…

Q: What makes the 2007-2009 recession special?  1. because of the length of the recession 2. because of…

A: Great recession and the causes is complex and involve several forces.

Q: When we say that economic fluctuations are “irregular and unpredictable,” we mean thata. the…

A: Okun's law states that unemployment declines by 1%, GDP declines by 2%.  When one macroeconomic…

Q: Discuss the 4 components of aggregate demand?

A: Aggregate demand (AD): - It is the total demand of goods and services in an economy at a particular…

Q: How do propensities and multipliers, and even expectations affect the outcomes in a downturn

A: In an economy, when talking about propensity, expectations and multipliers, these are the ratios of…

Q: Give an example of an event which causes the economy to go from point D to point B in the long run.

A: The above graph shows the short run and long run equilibrium of an economy.

Q: what is fluctuation? What are the changes generated by fluctuation? How does fluctuation evolve?

A: Economic fluctuations are simply fluctuations in a country's national income level which represents…

Q: Which of the following variables falls when the national economy enters a recession? (choose all…

A: Recession: In the business cycle, recessions are a normal, albeit unpleasant, part. During a…

Q: What is the role of daynamic in macroeconomic? What are the diffrence between static and daynamic?

A: Macroeconomic refers to the branch of economics that provides information about the overall…

Q: Suppose that a decrease in the demand for goods and services pushes the economy into recession. What…

A: The demand is the main factor that determines the developments in the economy. The increased demand…

Q: During a recession the economy experiencesa. rising employment and income.b. rising employment and…

A: Recession is a phase of economy where there is a fall in economic activity. Recession is generally…

Q: 28. The clearest sign of a recession would be a. an increase in the price level. b. an increase in…

A: Q28. Recession is the downturn that an economy faces due to economic conditions or due to natural…

Q: In a situation of recession, what are the types of goods that will see their demand increase? Give…

A: Recession refers to a period of temporary economic fall during which trade and industrial activity…

Q: s it better to concentrate on aggregate demand or aggregate supply in a recession?

A: A recession is a phase of contraction of the business cycle when there is a general fall in economic…

Q: The Great Recession was different from a typical recession since World War Il in that a) the rate of…

A: A recession is defined as the period of low or negative real GDP (output) growth with a large…

Q: This is a symptom of a recession: Real salary increases Promotions occur and bonuses increase O…

A: Recession refers to a period of time when GDP declines for two consecutive quarters.

Q: suppose that the election of a popular presidental candidate suddenly increase peoples confidence in…

A: Increase in the confidence of people means now they will consume more, which will increase the…

Q: Recessions can be caused by  a) a decrease in Aggregate Demand ONLY b) an increase in Aggregate…

A: Recession: It means a contraction in a business cycle when an economy decline generally.

Q: Following a demand-side recession, what happens to full employment GDP (C+I+G) after a few…

A: When talking about demand-side recession, it is the situation when people reduces their demand for…

Q: If the economy goes into a recessionary gap,  a.) How will the change in wages affect short run AS…

A: A Recessionary Gap is defined as a gap which occurs when the real GDP of an economy is lower than…

Q: When the economy is weak, fear of losing jobs cause consumers to cut back on spending. O True False

A: Yes  , when the economy is weak, less consumers will tend to purchase the products of peoducers.and…

Q: Due to the severity of COVID 19 on households, the government of Australia announced Job Keeper…

A: COVID 19 causes deadly disease and affects everyone in the world. However, the effects are taken…

Q: False : A recessionary gap can be caused by consumers who spend more than the

A: Recessive gap. Occurs when real GDP (more than full employment) falls below potential GDP, which…

Q: An expansion ends when the economy O has grown for two quarters in a row. O hits a trough and then…

A: A business cycle refers to the periodic upward and downward movement of business activity of an…

Q: Which of the following could cause the US economy to go into a recession? a) a declining stock…

A: The United States is authorizing to address the recession, according to a report on Monday from the…

Q: What are the three key facts about economic fluctuations? Explain briefly.

A: Economic Fluctuations are the changes in the economy due to natural or artificial changes occurring…

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: 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: When the economy goes into a recession. real GOP---- and unemployment ___ .a.  rises, risesb. rises,…

A: A recession refers to a period of economic contraction during which companies experience weaker…

Q: Define recession.

A: Recession is one of the phase of the business cycle.

Q: Empirical studies indicate that the long-run trend in real GDP of the USA has an upward trend. How…

A: Introduction In the long run, real GDP in the United States is rising, but short-term volatility is…

Q: Is the way that NBER measures a recession fair and accurate? Please explain

A: A chronology of US business cycles is kept up to date by the NBER's Business Cycle Dating Committee.…

Q: Following a demand-side recession, what happens to full employment GDP (C+l+G) after a few…

A: When AD and AS interact then goods market archive equilibrium point at certain price level and…

Q: The trough of the business cycle: O is a temporary maximum level of real GDP. comes before the…

A: Business cycle refers to the fluctuations in the real GDP over the period of time. The phases of…

Q: What does aggregate demand include? the demand for intermediate goods and final goods the demand for…

A: Disclaimer: “Since you have asked multiple questions, we will solve the first question for you. If…

Q: Empirical studies indicate that the long-run trend in real GDP of the USA has an upward trend. How…

A: GDP refers to the goods and services produced in the economy at a given period of time.  GDP is used…