Show Recommended textbook solutions
 Century 21 Accounting: General Journal11th EditionClaudia Bienias Gilbertson, Debra Gentene, Mark W Lehman 1,009 solutions
Statistics for Business and Economics13th EditionDavid R. Anderson, Dennis J. Sweeney, James J Cochran, Jeffrey D. Camm, Thomas A. Williams 1,692 solutions
Principles of Economics8th EditionN. Gregory Mankiw 1,335 solutions Statistics for Business and Economics13th EditionDavid R. Anderson, Dennis J. Sweeney, James J Cochran, Jeffrey D. Camm, Thomas A. Williams 1,691 solutions Recommended textbook solutions
Fundamentals of Financial Management, Concise Edition10th EditionEugene F. Brigham, Joel Houston 777 solutions
Mathematics with Business Applications6th EditionMcGraw-Hill Education 3,760 solutions
Accounting: What the Numbers Mean9th EditionDaniel F Viele, David H Marshall, Wayne W McManus 338 solutions Business Math17th EditionMary Hansen 3,734 solutions 1. Sunspot Theory - States that by affecting agricultural productivity, sunspots have an impact on the business cycles of nations 2. Psychological Theory - States that when times are good, people assume they can only get worse, and refrain from making purchases and/or investments, thereby bringing a halt to the expansion and/or peak phase(s), and causing recession. When times are bad, people assume they can only get better, and begin to spend money more liberally. 3. Monetary Theory - States that increases in the money supply fuel the expansion phase and decreases bring about recession. 4. Technological Theory - States that bursts of inventiveness give rise to greater investment spending, which leads to recovery. Lapses in inventiveness and subsequent investment spending lead to recession. 5. Political Theory - States that liberal politicians tend to overspend, stimulating the economy into recovery and eventually into an inflationary peak, and that conservative politicians tend to reduce governmental spending, reducing economic stimulation and prompting a recessionary downturn. Recommended textbook solutions
Introductory Business Statistics1st EditionAlexander Holmes, Barbara Illowsky, Susan Dean 2,174 solutions Principles of Economics7th EditionN. Gregory Mankiw 1,394 solutions Principles of Economics8th EditionN. Gregory Mankiw 1,335 solutions Statistical Techniques in Business and Economics15th EditionDouglas A. Lind, Samuel A. Wathen, William G. Marchal 1,236 solutions What are the characteristics of the expansion phase of the business cycle?An economic expansion is associated with: increase in production/output • decrease in unemployment • increase in wages • increase in consumer spending. As the economy expands, businesses generally see an increase in sales or demand for their products.
What is the expansion phase of a business?Expansion is the phase of the business cycle where real gross domestic product (GDP) grows for two or more consecutive quarters, moving from a trough to a peak. Expansion is typically accompanied by a rise in employment, consumer confidence, and equity markets and is also referred to as an economic recovery.
What are the two parts of the expansion phase of the business cycle?In the expansionary phase, the economy experiences growth over two or more consecutive quarters. Interest rates are typically lower, employment rates rise, and consumer confidence strengthens. The peak phase occurs when the economy reaches its maximum productive output, signalling the end of the expansion.
What are 3 characteristics of the peak phase of the business cycle?Characteristics of the Peak Stage
The maximum possible growth is attained, and the economic growth indicators don't grow further. The prices of products and services reach their peak. According to macroeconomists, the goal of the economy is to have a low unemployment rate.
|
What are the characteristics of the expansion phase of the business cycle quizlet?
zusammenhängende Posts
Urheberrechte © © 2024 berikutyang Inc.
