With reference to the business cycle, explain how economic recovery (and the resulting "boom") will eventually lead to recession and "bust".

Q: What phase of the business cycle do you think the economy is in now? WHY? You must provide an answer…

A: The recession is the stage that follows the peak phase. The demand starts declining rapidly and…

Q: Write a short note on the Great Depression including its causes, consequences, and development of…

A: The great depression is a major economic disaster that is originated in The USA around the 1930s.…

Q: In general, How to recover from the Great Depression?

A: Depression is a severe and prolonged reduction in  economic activity in an economy. A depression is…

Q: Which of the factors below will NOT be a feature of economic recessions? Higher unemployment Low…

A: Answer: Correct option: C (Low government spending) Explanation: A recession refers to the period…

Q: Economic variables are sometimes divided into “leading indicators” and “lagging indicators.” Leading…

A: Recession  A recession in the economy refers to the situation in which the aggregate demand in the…

Q: You are the chair of the Malaysian Economic Council. There has been an extremely hot weather due to…

A: In Keynesian economics, an economy is said to be operating at a long-run equilibrium at a output…

Q: Which of the following is not related to Macroeconomics? a. Determining individual consumer…

A: Macroeconomics is the branch of economics that deals with issues concerning the economy as a whole.…

Q: Suppose the federal government attempts to combat a recession by purchasing a new fleet of warships…

A: Economic Policy:-  The acts that government of a nation do in the economic sphere are referred to as…

Q: What is meant by Business Cycle? Identify the fiscal and monetary policies normally taken by…

A: A business cycle is the periodic growth and decline of a nation's economy, measured mainly by its…

Q: 45. Why is macroeconomics important?   a. it helps in determining appropriate fiscal and…

A: Macroeconomics is study of entire nation as a whole.

Q: Without government intervention, would the economy fluctuate more or less over the business cycle?…

A: Business cycle refers to the timely changes in the growth rate of an economy which is majorly…

Q: Research past recessions in the US economy. Analyze why the recessions occurred, the societal and…

A: A decrease in the economic activity in an economy is referred to as recession. When an economy is in…

Q: Sales had been slow at Martha's Fresh Flowers for several months, but then business starting picking…

A: Business cycles are defined as the alternate periods of expansion and contraction in the business…

Q: Can you compare and contrast the main points of the great recession and the great depression?

A: The great recession is situation of lower economic activity or a movement from the highest peak of…

Q: 3. What were 3 things that helped cause the Great Depression? Have to done anything to fix those…

A: The great depression was the economic downturn in the late 1920s and 1930s that remained for a…

Q: business cycle

A: ‘Business cycle’ refers to a fluctuation in production, employment, trade and general activity in an…

Q: What caused the Great Recession of 2008 in the United States?

A: The great recession of 2008 in the United States is classified as the worst financial crisis as many…

Q: The economic crash that led the dark path into the great depression included overspending and what…

A: A depression is a prolonged period of economic downturn. Depression is characterized by a sharp…

Q: How severe was the great recession? What pieces of economic data would you cite to support the…

A: The great recession is the global downturn in the economy starting from 2007 to 2009 after the…

Q: Has the United States economy effectivily recovered from The Great Depression

A: The Great depression of 1930 still affects the United States in many such as it provides an example…

Q: 1. Is this statement True or False? "The equilibrium price and output values does not change in…

A: The economics as a study is based upon the basic idea that the resources which are present with the…

Q: Why monetary policy and fiscal policy are important macroeconomic tools used to stimulate the…

A: Monetary policy is important to control the money supply in a economy . Inflation and interest rates…

Q: Question one: According to classical economic theory, there is an invisible hand in the economy.…

A: According to the classical economic theory, there is an invisible hand in the economy. This can be…

Q: A friend of yours expresses the opinion that the only resource that is important in the macroeconomy…

A: Money is a resource or asset that is accepted and used as an exchange medium to buy commodities and…

Q: There are periods of time in the economic cycle when markets are neither expanding nor declining and…

A: An economy goes through phases of both development and periods where economic activity is low. Thus,…

Q: Suppose that an increase in the cost of resources increases the cost of production for the U.S.…

A: In an economy, government has the responsibility to maintain the level of output and inflation level…

Q: During the Revolutionary War, the American colonies could not raise enough tax revenue to fully fund…

A: Inflation implies an increase in the price level. When the price level increases then, in that case,…

Q: Business cycles can wreak havoc in the economy and create real economic hardship.  Remember, the…

A: In economics, business cycle is defined as the cyclical upswings and down swings of major…

Q: Do the length and severity of the Great Depression reflect a defect in the operation of markets? Do…

A: The economic depression between the years 1929 to 1939 in the world is called as Great Depression.…

Q: There are many factors that can influence the economy. Do you think natural disasters affect the…

A: The gross domestic product (GDP) is the total money value of all the goods and services produced in…

Q: Macroeconomists are interested in two types of phenomena: economic growth and business cycles.…

A: When talking about macroeconomics, two primary phenomena that are analyzed by macro-economists are…

Q: Imagine you are writing an article for Harvard Business Review or The Economist: Combine news and…

A: The study of economic behaviour in supply chains is known as supply chain economics. Governance,…

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: Which one of the following is TRUE? Select one: a. 1929 to 1933 was the Great Depression b. 1979…

A: During 1929 to 1933, the unemployment rate rose from 2.5% to 25%. About 40 million americans have no…

Q: In the context of economic recession, explain monetary and fiscal measures that should be…

A: Answer: Economic recession: recession refers to the period of a general decline of economic…

Q: Suppose you are an advisor to the Business Cycle Dating Committee. You are asked to look at…

A: a time of transitory economic contraction marked by a decrease in commerce and industrial activity,…

Q: Hello, I would like some step-by-step demonstration (I am having a lot of problems to understand…

A: The policy taken by the US government to increase the disposable income of American consumers will…

Q: What were the polico-economic ramifications of the global recession of 2008-2010

A: The 2008 financial crisis began in earlier years with economical credit and lending of tax standards…

Q: Which of the following is not true? O Milton Friedman believes that economic growth should be…

A: Monetary policy is a macroeconomic tool that is used by the central bank to control the supply of…

Q: Question 3 Describe what must change for the economy to experience persistent increases in standard…

A: Answer - "Thank you for submitting the questions.But, we are authorized to solve one question at a…

Q: What is ? 1-)Potential GDP 2-)Monetary Policy 3-)Fiscal Policy

A: Potential GDP: When an economy can produce a level of output at inflation rate that is constant then…