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) Downturn

Q: Describe the effect of the business cycle on the inflation rate and the unemployment rate.

A: Inflation means an increase in the overall prices of goods and services in the economy during a…

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: Suppose that the unemployment rate is equal to the natural rate of unemployment. Which of the…

A: At full employment, Real GDP is equal to Potential GDP.

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: Explain the relationship between real GDP and potential GDP, and between the unemployment rate and…

A: The real GDP is the value of newly- produced goods and services by a nation in a given time, which…

Q: A person who has been fired is not considered unemployed? True or False

A: A person is said to be unemployed when he is able to work and is willing to work but not getting…

Q: List the major phases of the business cycle and indicate how real GDP, employment, and unemployment…

A: Business peak, contraction, recessionary trough, and expansion are the major phases of the business…

Q: Which of the following is most likely to be the best method pf reducing the natural rate of…

A: Natural rate of unemployment is the state of production where economy is producing at full…

Q: Define the following causes of unemployment: frictional, structural, and cyclical. Which of these…

A: Aside from unemployment theories, a few forms of unemployment are used to model the effects of…

Q: happens when the economy is producing at its potential and unemployment is at the natural rate of…

A: Potential output is also called the natural GDP which says the maximum level of real GDP that an…

Q: Which one of the following will increase the officially reported level of unemployment?     A)…

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: (Measuring Unemployment) Determine the impact on each of the following if 2 million formerly…

A: a.The labour force participation rate will decrease because 2 million formerly unemployed workers…

Q: Which of the following statements is TRUE? a. Over the business cycle, the economy's level of…

A: Business cycle refers to periods of recession and boom where an economy develops an output different…

Q: Using data from the bank of Ghana website from 1970 -2018,show the relationship between inflation,…

A:

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: _______________________ happens when the economy is producing at its potential and unemployment is…

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

Q: What is the current unemployment rate in the United States as of January 2021? What was the…

A: Unemployment rate The unemployment rate basically refers to the percentage of the workforce that is…

Q: In which part of a business cycle is unemployment dropping? Group of answer choices Depression…

A: Depression and peak are the two extreme points of business cycle.

Q: Suppose the 2010 population census in Ghana indicated that there are 120,000 people in the country.…

A: "Since you have mentioned that you need an answer to parts d and e, I am answering only those…

Q: Which phase of the business cycle can describe the unemployment rate at its lowest and inflation is…

A: Business cycle refers to ups and downs in the real GDP due to changes in economic activities.

Q: Suppose that in an economy the structural unemployment rate is 2.1 percent, the frictional…

A: Cyclical unemployment is the type of unemployment where people loose their job as per economy trend…

Q: The change in the business cycles can impact how the economy is operating. Explain how an increase…

A: The business cycle indicates the fluctuations in an economy, the economic activities will not move…

Q: During 2008-2009, the U.S. economy suffered a 3.1% cumulative loss of GDP, which is equivalent to a…

A: Generally,  an annual average growth of GDP of the U.S. is around 3%. This is because growth rate of…

Q: In February 2020 the number of unemployed in the U.S. was 5.8 million and the unemployment rate was…

A: Given that there existed unemployment in Feb 2020 and there were vast majority of  people who remain…

Q: The goal of studying and recording the unemployment rate is to learn something about the state of…

A: Unemployment: It is an economic situation where all those individuals who are willing and able to…

Q: If some of unemployed individuals became discouraged workers, which of the following would result?…

A: It has been stated that some of the unemployed individuals became discouraged workers. Discouraged…

Q: 1. Real GDP is GDP adjusted to inflation. A) True B) False 2. Unemployment rate is the percentage of…

A: The macroeconomic concepts and variables differ largely depending upon the major aspects of the…

Q: Which of the following is the positive impact of inflation?   A) Inflation causes the real value of…

A: Inflation is the rise in average price level of goods and services produced in the economy.

Q: True or False. Explain why. The business cycle is the primary reason behind demand-deficient…

A: The correct answer is true So we can say that where I think the business cycle is the primary reason…

Q: True or false? If unemployed workers become so frustrated from being unable to find new full-time…

A: The unemployment rate: It is the percentage of unemployed workers in the total labor force. Workers…

Q: A relatively mild period of falling incomes and rising unemployment is called a(n)a. depression.b.…

A: Recession: The recession is the temporary decline in economic activity at a period of time. During a…

Q: between the unemployment rate and the natural unemployment rate as the economy moves through a…

A: Unemployment in an economic state where an individual who is willing and able to work at the…

Q: In the long run when governments attempt to target unemployment below the natural rate we can expect…

A: Answer - 1. Inflation - When government try to bring unemployment below " natural rate " . It must…

Q: The biggest types of unemployed people that the world right now are caused by poor economic…

A: Macroeconomics analyzes the economy as a whole. It studies aggregate economic concepts such as…

Q: Given an economy with an unemployment rate of 7%,  GDP growth of 1% and an inflation rate of 1%,…

A: There are four phases of business cycle Expansion Peak Contraction Trough

Q: 1. Examine the relationship observed between country M and country N. i) Identify the relationship…

A: Growth rate and unemployment are very important macroeconomic variables which have great bearing on…

Q: Examine the table below. According to the data in the table what phase of the business cycle is the…

A: Answer - The economy is currently in peak phase which means that higher growth rate high rate if…

Q: Suppose you are given the following data for a small economy: Number of unemployed workers:…

A: Answer -No. of unemployed workers = 1,000,000Labor Force = 10,000,000Part (a)-Answer - Unemployment…

Q: In a country with a population of 70 million people, there are 30 million children under the age of…

A: Introduction : Unemployment rate- unemployed people/labour force x 100

Q: Define the three macroeconomic variables (inflation, unemployment, growth)

A: 1. Inflation: Inflation is defined as the general rise in prices of an economy over a given period…

Q: Differentiate between the unemployment rate and the natural unemployment rate as the economy…

A: Unemployment: Unemployment in an economic state where an individual who is willing and able to work…

Q: Q30 Which of the following will cause an increase in the natural rate of unemployment? Select one:…

A: There are two variables related to job. Employment and unemployment. Employment is very important…