Is there a personal responsibility to intervene and assist in a recession? Should Christians step up rather than the government?

Q: When GDP increase ?

A: GDP (Gross Domestic Product): It refers to the total market value of all produced final goods and…

Q: What is the macroeconomic policy and how does it impact the United States and the world?

A: Macroeconomics is the study of the subject economics but at an aggregate level. The study of…

Q: Recessions are periods of declining economic activity. а. Т b. F

A: Economic Activities refer to the process that totally based on the inputs, leads to the manufacture/…

Q: Write a long essay on where the economy is going in 2022 – will the current recession continue or…

A: Recession is defined as a macroeconomic term which refers to a significant decline in the economic…

Q: Output Unemployment A Y>Y* Uu* Y=Y* u=u*

A: u=unemployment rate u*=natural rate of unemployment Y=output Y*=full employment output

Q: If GDP is currently running faster than potential GDP, can we say, based on that observation alone,…

A: Rapidly rising GDP above the potential level may or may not be harmful for the economy, it actually…

Q: A recession in the United States is likely to raise the growth of real GDP in Europe. Do you agree…

A: Since Europe is the largest trading partner with the U.S., a recession in US will have a major…

Q: What happens after a peak in a business cycle? Discuss your answer.

A: The business cycle indicates the fluctuations found in the aggregate economic activities in the…

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: During a recession: O potential GDP declines potential GDP increases real GDP declines

A: Gross Domestic Product (GDP) is the total value for final commodities manufactured in an economy.

Q: how are you going to describe the economic condition experienced by our country in terms of…

A: The economics as a study is based upon the basic idea of scarcity, where the resources which are…

Q: Create a graph that shows where Mexico currently is on the business cycle. Be sure to include an…

A: Mexico is currently running into recession attributing the pandemic situation and fiscal tightening…

Q: What happens to a country's consumption as it moves along the business cycle? Track its behavior…

A: The term "business cycle" refers to the various stages that the economy goes through as it expands…

Q: What are business cycles? What are their consequences?

A: The economic fluctuations can be explained through the business cycle. This can explain the decrease…

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: business cycle

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

Q: Increased production but not increased inflation will result ti higher real GDP why?

A: The total value of goods and services produced annually in a country is referred to as gross…

Q: Are the four phases of the business cycle in a certain order?

A: The business cycles are the various fluctuations of output that result in fluctuations in…

Q: Why do you think macroeconomists focus on just a few key statistics when trying to understand the…

A: In macroeconomics, we study the behavior of the entire economy where the government uses various…

Q: Define the term economic recession?

A: Economic recession is common in capitalist economy. It is an important part of ‘Economic trade…

Q: The phase of the business cycle in which real GDP declines is called: a recovery. the trough. a…

A: Business cycle: Also known as economic cycle or trade cycle, business cycle are the fluctuation in…

Q: What are the four phases in the typical business cycle?

A: The Four phases in the business cycle are  Expansion- Peak- Contraction- Trough-

Q: to stimulate the economy. During a recession, the government can engage in

A: A period of temporary economic decline during which trade and all the economic activities are…

Q: When actual GDP does not rise as fast as potential GDP, the economy most likely will experience…

A: The answer to the question is as follows :

Q: Business Cycles What unticipated Changes lead to economic booms? What unticipated Changes lead to…

A: Due to typo error in the question (unticipated), answer does not specifically mentioned about…

Q: What are some example possible reasons for a decline in the level of potential GDP?

A: Three reasons for a decline in the level of potential GDP is decrease in the population i.e. the…

Q: What was the lengthiest recession in France?

A: A recession is a period of continuously falling gross domestic product. A recession is detrimental…

Q: What is a business cycle? How do businesses adapt to periods of contraction and expansion?

A: The expansion period is referred to as the development period, takes place as the economy expands…

Q: The housing market has weakened during every recession except which of the following?   a. The…

A: We have to find The housing market has weakened during every recession except which of the…

Q: How does the decline in real personal income compare today with prior recessions?

A: Real personal income: The personal income that is left with an individual after accounting for the…

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: Do you think there is a predictable relationship between the business cycle and aggregate investment…

A: The fluctuation in the economic activity is tracked by the business cycle. In an economy, the fall…

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: To what degree are fluctuations in the business cyclepredictable?

A: The business fluctuations include depression, recovery, boom and recession. The new Keynesian…

Q: Which of the following is a sign of a strong economy A. An increase in GDP B. A shrinking economy…

A: Economy refers to managing available resources carefully.

Q: f inventories are increasing, what part of the business cycle could we be entering? Group of answer…

A: A business cycle is a cycle of fluctuations in the GDP around its long-term growth rate. It is…

Q: Why do some economists believe that better inventory control software may help to reduce the…

A: Recession is a descending tendency in the business cycle considered by a failure in manufacturing…