Question

In: Economics

The Economic environment varies as the economy goes through stages of economic growth and decline, this...

The Economic environment varies as the economy goes through stages of economic growth and decline, this is known as(Economic Cycle/Business Cycle?)

What is the difference between business cycle and economic cycle?

Solutions

Expert Solution

There is no difference between business cycle and economic cycle, both are the same. The business cycle is also known as the economic cycle.

When an economic environment goes through stages of economic growth and decline, it means that in times of economic growth there is an inflationary trend in the economy and in times of economic decline there is deflationary trend in the economy. The up and down in the gross domestic product over the period of time is known as the business cycle which is also known as the economic cycle.


Related Solutions

If Malaysia experiences a decline in economic growth (and experiences a decline in inflation and nominal...
If Malaysia experiences a decline in economic growth (and experiences a decline in inflation and nominal interest rates as a result), what would the probable impact on its currency be when it is compared with the U.S. dollar, and why?
​Why is it important for marketers to recognize the stages that a consumer goes through in...
​Why is it important for marketers to recognize the stages that a consumer goes through in making a purchase decision?
A flow chart for this: Describe the various stages that a neuron goes through when it...
A flow chart for this: Describe the various stages that a neuron goes through when it receives excitatory neurotransmitters, and when it receives inhibitory neurotransmitters. You should be able to use the following terms accurately in your description: polarized, resting potential, action potential threshold, depolarize, repolarize, hyperpolarize, absolute refractory period, and relative refractory period.
International Trade & Environment The environment and economic growth: can we have a sustainable growth and...
International Trade & Environment The environment and economic growth: can we have a sustainable growth and protect the environment in the same time?
Discuss the implications of economic growth (Marginal benefits  AND Marginal Costs) for the U.S. economy, society, environment,...
Discuss the implications of economic growth (Marginal benefits  AND Marginal Costs) for the U.S. economy, society, environment, children's future, social programs, military might, global preeminence, technological growth, educational opportunities, etc. Think about what life would be like in the United States with very high, average, or very low rates of economic growth, as food for thought.
Descriebe the four stages of PCL (introduction, growth, maturity and decline) describing the stage and analyzes...
Descriebe the four stages of PCL (introduction, growth, maturity and decline) describing the stage and analyzes the implicaitons that stage may have on price strategy, product, competition and profit for VIZIO company? Please cite referrence used.
(Prima/a)Report four stages with details that a company goes through in learning how to take an...
(Prima/a)Report four stages with details that a company goes through in learning how to take an enterprise architecture approach to designing their respective business processes. PLEASE write the answer in your own words!thanks
Compare and contrast the three main types of economic growth models (stages of growth, neoclassical, and...
Compare and contrast the three main types of economic growth models (stages of growth, neoclassical, and endogenous growth). Describe pros and cons of each approach. Which model of economic growth is best and why?
a. Suppose that the rest of the world goes through an economic recession. Show graphically and...
a. Suppose that the rest of the world goes through an economic recession. Show graphically and explain what happens to exchange rates and net exports. b. If we assume that there are two economies that are trading parties. When one of them goes through an economic recession show graphically how this business cycle is transmitted to the other country. c. Following the Great Recession the U.S. Federal Reserve decreased interest rate targets drastically. Show graphically and explain what happens to...
What are the stages the membrane potential goes through during an action potential? Describe each stage...
What are the stages the membrane potential goes through during an action potential? Describe each stage in terms of the changes in sodium and potassium ions inside the cell. Name and describe the two types of refractory periods, and what, if anything would make a neuron fire during a refractory period.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT