The business cycle has four phases. The peak, the recession, the trough, and the expansion. During...

The business cycle has four phases. The peak, the recession, the trough, and the expansion. During the peak phase you will see the short-term fluctuations due to changes in economic activity. If the real output declines for at least two consecutive quarters than that's when it's considered the recession phase. The lowest point is called the trough phase. The trough phase is where people feel the strain and stress of the financial burden the most. The expansion phase is where everyone begins getting selected for jobs again. The economy begins the growth process in this phase. A business cycle has two main characteristics: size and duration. One of the key characteristics of a growing economy is an increase in business investment. When firms invest in capital goods, their productivity increases. The increased productivity contributes to a rise in real GDP. At the same time, firms hire more people to work, thus increasing employment throughout the economy.

Reply to at least 2 of your classmates. Be constructive and professional in your responses.

Expert Solution

Rahul Sunny answered 1 year ago

Each business cycle has the same basic elements of peak, recession, trough, and recovery. Furthermore:

Each business cycle has the same basic elements of peak, recession, trough, and recovery. Furthermore: the business cycle cannot be on an upward trend. no two business cycles are exactly alike in cause and duration the business cycle has a steady cycle of ten years. the recession and recovery are of equal duration and magnitude.

Label the phases of a business cycle and explain the following terms: a. peak &

Label the phases of a business cycle and explain the following terms: a. peak b. recession c. trough d. recovery e. growth or “secular” trend

What are the four phases of the business cycle? Which phase of the business cycle would...

What are the four phases of the business cycle? Which phase of the business cycle would be the best time to purchase a large ticket item? How do you calculate the labor force participation rate? Who is accounted for in our country’s labor force? How is our country’s unemployment rate calculated? In one to two sentences, please define the term, “full employment?” In one to two sentences, what is a discouraged worker? What are the four types of unemployment? Which...

a) Describe the four phases of the business cycle? (b) Explain what is happening during each...

a) Describe the four phases of the business cycle? (b) Explain what is happening during each phase of the cycle with: I. output, II. employment III. and inflation.

. Draw a typical business cycle and identify the four phases of the cycle on your...

. Draw a typical business cycle and identify the four phases of the cycle on your graph. List four macroeconomic variables that are pro-cyclical, and indicate whether each one is a leading, lagging, or coincident indicator.

ifthe us is in the expansion phase of the business cycle, recoveringfrom a recession,...

if the us is in the expansion phase of the business cycle, recovering from a recession, which of the following variables is increasing?a. real gdpb.aggregate real incomec. cyclical unemploymentd. the natural rate of unemploymente. both a and b

Business Cycle: List the four phases of the business cycle. How long have business cycles historically...

Business Cycle: List the four phases of the business cycle. How long have business cycles historically lasted? How long did the most recent business cycle of the United States last?

a peak in the business cycle

Illustrate and explain using a diagram the four (4) phases of the business cycle

Illustrate and explain using a diagram the four (4) phases of the business cycle;Explain how these phases come about (i.e. what influences cause the turning points to occur);Explain the different types of unemployment and how they come into existence;Illustrate and explain using a diagram how the money-market functions.

What are the four phases of the business cycle? Which phase are we in now?

Business CycleWhat are the four phases of the business cycle? Which phase are we in now? When do you think the United States economy will move to the next phase? Visit the NBER website on business cycle dates and review the recent business cycle data. How long as the economy been in the current phase? (You can also talk about COVID-19)

Question