Homework Answers
7.False, a contraction occurs after a peak and before it becomes a trough.
8.True, the rate of change of economic activity is used to assess whether an economy is expanding or contracting. To assess if economy is contracting or expanding there are many indicators like GDP, Unemployment rate etc.., which are dependent on change in economic activity.
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True false
7. The period in the business cycle from a trough up to a peak...
7. The business cycle What Is a Business Cycle and How Does It Affect You? The term business cycle, or economic cycle,...
7. The business cycle What Is a Business Cycle and How Does It Affect You? The term business cycle, or economic cycle, describes the pattern of expanding and contracting business activity that an economy exhibits over a period of time. In this context, increasing production and consumption are generally referred to as economic growth, and declining production and consumption are usually called economic contraction. What are the phases of a business cycle? Which of the following statements accurately describe the...
A trough is __________. A) a transition from an expansion in the business cycle to the...
A trough is __________. A) a transition from an expansion in the business cycle to the start of a contraction B) a transition from a contraction in the business cycle to the start of an expansion C) only something used by farmers to feed pigs and is not a term in investments D) none of the above An analyst starts by examining the broad economic environment and then considers the implications of the outside environment on the industry in which...
Question 42 5 pts Problem 2 a: Referencing the above business cycle graph, which of the...
Question 42 5 pts Problem 2 a: Referencing the above business cycle graph, which of the following statements is correct? Regions 1, 2, & 3 of the graph represent Contraction, Recession, & Trough phases, respectively. Regions 4, 5, & 6 represent Recovery, Expansion, & Peak phases, respectively. Regions 7,8,& 9 represent the Long-term Growth Trend, Economic Activity, & Time, respectively. Regions 1, 2, & 3 of the graph represent Recession, Contraction, & Trough phases, respectively. Regions 4, 5, & 6...
1. Your friend asked you what a business cycle means. You tell them that a business...
1. Your friend asked you what a business cycle means. You tell them that a business cycle reflects changes in real GDP. Then you tell them that the stages of a business cycle in correct order are: a. expansion, trough, recession, peak b. expansion, peak, recession, trough c. trough, expansion, recession, peak 2. The point of a fluctuation at which economy turns from a peak to a trough is called a/an ________. a. recession b. Peak c. Expansion 3. Economic...
Chapter 10 - The Business Cycle True / False Questions 26. Macroeconomics focuses on individual firms...
Chapter 10 - The Business Cycle True / False Questions 26. Macroeconomics focuses on individual firms and industries. 27. Macroeconomics is the study of the economy as a whole. 28. A basic purpose of macroeconomics is to explain monopoly behavior. 29. The business cycle is the alternating periods of economic growth and contraction 30. The basic measures of macroeconomic performance include the national debt, the trade deficit, and interest rates, 31. An important measure of macroeconomic performance is the growth...
Please clearly label the graphs and show all the work. Thank you :) 2. Economic fluctuations...
Please clearly label
the graphs and show all the work. Thank you :)
2. Economic fluctuations and growth The following table shows data on a hypothetical country's real GDP from 1980 through 1988: Year 1980 1981 1982 1983 1984 1985 1986 1987 1988 Real GDP (Billions of Dollars) 465 475 480 505 500 485 490 500 505 The green line on the following graph shows the economy's long-term growth trend Use the blue points (circle symbol) to plot the real...
The following table shows data on a hypothetical country's real GDP from 1980 through 1988:
The following table shows data on a hypothetical country's real GDP from 1980 through 1988:YearReal GDP(Billions of Dollars)198046019814751982480198349019845101985515198650519875001988505The green line on the following graph shows the economy's long-term growth trend.Use the blue points (circle symbol) to plot the real GDP in each of the years listed. (Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically.) Next, place the black point (plus symbol) on the graph to indicate the...
Please let me know if I solved anything incorrectly, and what’s the right way to do...
Please let me know if I solved anything incorrectly, and
what’s the right way to do it
The following table shows data on a hypothetical country's real GDP from 2000 through 2008: Aggregate Output (Billions of Dollars) 186 190 192 202 200 194 196 200 202 Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 The green line on the following graph shows the economy's long-term growth trend. Use the blue points (circle symbol) to plot the real GDP...
During the expansion phase of a business cycle: A. employment and output are both at a peak. B. employment and...
During the expansion phase of a business cycle: A. employment and output are both at a peak. B. employment and output are both rising. C. employment is falling and output is rising. D. unemployment and output are both rising. E. employment is rising and output is falling. In the following index, which year is likely to be the base period: 1991 = 123.3; 1992 = 145.3; 1993 = 111.4; 1994 = 100; 1995 = 94.3? A. 1991 B. 1992 C....
5. If data indicate the economy is in recession and members of Congress are working to...
5. If data indicate the economy is in recession and members of Congress are working to pass legislation to encourage economic growth, which of the following has almost certainly occurred? a. Realization of results b. Recognition of change in the economy c. Implementation of policy d. Analysis of policy's effectiveness 6. Which of the following is a significant decline in general economic activity over an extended period that includes declining real income and rising unemployment? a. A business cycle b....
7. The business cycle What Is a Business Cycle and How Does It Affect You? The term business cycle, or economic cycle, describes the pattern of expanding and contracting business activity that an economy exhibits over a period of time. In this context, increasing production and consumption are generally referred to as economic growth, and declining production and consumption are usually called economic contraction. What are the phases of a business cycle? Which of the following statements accurately describe the...
Question 42 5 pts Problem 2 a: Referencing the above business cycle graph, which of the following statements is correct? Regions 1, 2, & 3 of the graph represent Contraction, Recession, & Trough phases, respectively. Regions 4, 5, & 6 represent Recovery, Expansion, & Peak phases, respectively. Regions 7,8,& 9 represent the Long-term Growth Trend, Economic Activity, & Time, respectively. Regions 1, 2, & 3 of the graph represent Recession, Contraction, & Trough phases, respectively. Regions 4, 5, & 6...
Chapter 10 - The Business Cycle True / False Questions 26. Macroeconomics focuses on individual firms and industries. 27. Macroeconomics is the study of the economy as a whole. 28. A basic purpose of macroeconomics is to explain monopoly behavior. 29. The business cycle is the alternating periods of economic growth and contraction 30. The basic measures of macroeconomic performance include the national debt, the trade deficit, and interest rates, 31. An important measure of macroeconomic performance is the growth...
Please clearly label
the graphs and show all the work. Thank you :)
2. Economic fluctuations and growth The following table shows data on a hypothetical country's real GDP from 1980 through 1988: Year 1980 1981 1982 1983 1984 1985 1986 1987 1988 Real GDP (Billions of Dollars) 465 475 480 505 500 485 490 500 505 The green line on the following graph shows the economy's long-term growth trend Use the blue points (circle symbol) to plot the real...
Please let me know if I solved anything incorrectly, and
what’s the right way to do it
The following table shows data on a hypothetical country's real GDP from 2000 through 2008: Aggregate Output (Billions of Dollars) 186 190 192 202 200 194 196 200 202 Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 The green line on the following graph shows the economy's long-term growth trend. Use the blue points (circle symbol) to plot the real GDP...
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