the bussiness cycle

fuctajnq2022-10-04 11:39:542条回答

the bussiness cycle
What are its characteristics?What would you expect the behaviour of RGDP growth rate,and different types of inflation and unemployment to be over the cycle?What is/are the reason/s for this behaviour?

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太阳直射 共回答了13个问题 | 采纳率100%
The business cycle is the periodic but irregular up-and-down movements in economic activity,measured by fluctuations in real GDP and other macroeconomic variables.
A business cycle is not a regular,predictable,or repeating phenomenon like the swing of the pendulum of a clock.Its timing is random and,to a large degress,unpredictable.A business cycle is identified as a sequence of four phases:
1 Contraction (A slowdown in the pace of economic activity)
2 Trough (The lower turning point of a business cycle,where a contraction turns into an expansion)
3 Expansion (A speedup in the pace of economic activity)
4 Peak (The upper turning of a business cycle)
A recession occurs if a contraction is severe enough...A deep trough is called a slump or a depression.The difference between a recession and a depression,which is not well-understood by non-economists
1年前
XX9874210 共回答了23个问题 | 采纳率95.7%
你是谁班的?
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