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Write in detail about business cycle with example of an economy(Country)? Write about the
Explain the long run growth?
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- 1. Write in detail about business cycle with example of an economy(Country)? ANSWER: ……………………………………………………………………………. 2. Write about the Unemployment and also explain types of unemployment with examples? ANSWER: ……………………………………………………………………………. 3. Explain the long run growth? ANSWER:Look up data on the current unemployment rate, inflation rate, and/or GDP growth rate. Based on the data, comment on the current state of the economy.During a certain period of time, the economic growth of a country is reflected through some phases of the economic cycle. What is a business cycle? Explain. What are the four phases of the business cycle? Explain each one. Do the four phases have a certain order? Explain your answer. Does an economic cycle have a specific period of months or years? Explain your answer.
- What is meant by Business Cycle? Identify the fiscal and monetary policies normally taken by Governments to revive economy from slowdown/depression.What are two changes related to the new economy and the world of work that you think are needed and that you'd like to see addressed within the next 10 years? Why do you think these are necessary?Name Any Business Cycle
- Part A. What are the four phases of the business cycle? Part B. In which phase of the business cycle is the problem of inflation most likely present? Part C. In which phase of the business cycle would you likely see high unemployment?Business cycles can wreak havoc in the economy and create real economic hardship. Remember, the three indicators to keep your eye on are the unemployment rate, the rate of inflation and the GDP growth rate. At the peak of the business cycle, which economic indicator will enter the “danger zone”? How about in the trough?What sectors have been most hardly hit by inflation in Europe due to the war in Ukraine? Use statistics.
- Draw the business cycle and label each phase and stages and explainQ2. Explain the business cycle.Draw a diagram showing the Business Cycle and label/show the following on the diagram: 1) A contraction phase 2) An expansion phase 3) The peak and trough 4) One business cycle 5) Growth Path 6) Label both axes. Make sure to clearly label everything.