What is likely to be true at the trough of the business cycle? A. Real GDP, unemployment, and inflation are all likely to increase. B. Real GDP is increasing, unemployment is decreasing, and inflation is increasing. C. Real GDP, unemployment, and inflation are all likely to decrease. D. Real GDP is decreasing, unemployment is increasing, and inflation is steady or decreasing.
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- c.Explain in detail, 4 possible causes of change in the direction of the business cycle. You are looking for things that are out of the control of the government. Do not talk about fiscal or monetary policy tools here. Don’t say inflation or recession!Which phase of the business cycle can describe the unemployment rate at its lowest and inflation is high because of the increase in demand? A) Expansion B) Peak C) Trough D) DownturnWith reference to the business cycle, explain how economic recovery (and the resulting "boom") will eventually lead to recession and "bust". (If you prefer, you can instead explain how recession/bust leads to recovery/boom.)
- Think about the business cycle: during a recession, unemployment increases; it decreases in an expansionary phase. Explain what happens to TANF, SNAP, and Medicaid programs at each phase of the business cycle (recession, trough, expansion, and peak).Why is the axiom of economics state that 2-3% of inflation is a good thing for the economy. Why would it matter since, real gdp isn't growingThis is a two-part question dealing with the unemployment rate. Explain how and why it might be possible for the unemployment rate to fall during the worst part of a recession. Secondly, explain how and why it might be possible for the unemployment rate to rise when the economy is in the early stages of recovery.
- Q 1st part Describe the four phases of the classical business cycle 2nd part Explaining how employment is typically affected during each phase? do 2nd part connecting with part one I got the first part I want Dear Sir/Madam please help me explain part 2 by using my first part thanks Expansion: A speedup in the pace of economic activity defined by high growth, low unemployment, and increasing prices. The period marked from trough to peak. Peak: The upper turning point of a business cycle and the point at which expansion turns into contraction. Contraction: A slowdown in the pace of economic activity defined by low or stagnant growth, high unemployment, and declining prices. It is the period from peak to trough. Trough: The lowest turning point of a business cycle in which a contraction turns into an expansion. This turning point is also called Recovery.Which phase of the business cycle can describe the unemployment rate at its lowest and inflation is high because of the increase in demand? Downturn Expansion Peak TroughAnswer all of these three questions to get amazing feedback if you're not going to I'm was your time you will get horrible feedback!!! 1. Hyperinflation can be caused by a lack of growth in goods or services? True or false 2. A loss of consumer confidence can result from hyperinflation? True or false 3. The unemployment rate is a measure of the economic health of a nation? True or false
- _______________________ happens when the economy is producing at its potential and unemployment is at the natural rate of unemployment. a) Stagflation b) The interest rate effect c) The foreign price effect d) Full employment GDP Question 2 1 / 1 point Melanie decided to save 20% of her annual earnings for 10 years so she would have a down payment for a house. After 5 years, what change in the economy would cause an increase in the purchasing power of the funds she has managed to save? a) stagflation b) depression c) deflation d) recession Question 3 1 / 1 point If the price level of what firms produce is rising across an economy, but the costs of production are constant, then: a) higher profits will induce expanded production. b) a majority of industries will start running into limits. c) increase in quantity produced won't be large. d) the maximum potential GDP will be exceeded. Question 4 1 / 1 point What term is used to describe the maximum quantity that…A.) Okun's law is stated as... Change in the Unemployment Rate = -0.2*(Percent Change in Real GDP - 2.5) ... Then what is the expected annual growth rate of GDP? B.)Change in the Unemployment Rate = -0.2*(Percent Change in Real GDP - 2.5) ... If the percent change in GDP is 3%, and the unemployment rate starts at 5%, what is the change in the unemployment rate?42)Which one of the following is TRUE? Select one: a. 1929 to 1933 was the Great Depression b. 1979 was the first oil shock c. December 2007 to June 2008 was the Great Recession d. 1994 to 2000 was a recession in the U.S. e. 2008 was a recession in the U.S. caused by Paul Volcker increasing the interest rate