The factor leading to business cycles in the real business cycle theory is represented by changes in the growth rate of :Select one .a. the money wage rate .b. labor supply .c. productivity .d. the quantity of money

Q: In the business cycle, the period when economic activity is going down is known as _________. a.…

A: The economy Ups and down are called Business cycles. The higher growth is shown in expansionary…

Q: Describe the effect of the business cycle on the inflation rate and the unemployment rate.

A: Inflation means an increase in the overall prices of goods and services in the economy during a…

Q: Q2. Explain the business cycle.

A: The business cycle refers to the upward and downward movement of economic activities. In other…

Q: a. Why firms pay efficiency wage to their labor? b. According to efficiency wage model, how the…

A: Since you have asked multiple questions, we will solve the first-two questions for you. If you want…

Q: What is meant by business cycle? What are the leading and lagging indicators of forecasting a…

A: Individuals could be affected in numerous ways from the business cycle with respect to making…

Q: is a business cycle? Explain the different stages of business cycles an uss the difference between…

A: DISCLAIMER “Since you have asked multiple question, we will solve the first question for you. If you…

Q: List the major phases of the business cycle and indicate how real GDP, employment, and unemployment…

A: Business peak, contraction, recessionary trough, and expansion are the major phases of the business…

Q: Economists who support a hands - off approach believe that a cause of business cycles is O A.…

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

Q: a. Why firms pay efficiency wage to their labor? b. According to efficiency wage model, how the…

A: As there are multiple questions, the first question would be answered. To get answers to the rest of…

Q: Where on the Business Cycle are we most likely to find the highest unemployment? A) Expansion B)…

A: Unemployment: - unemployment is that portion of the labor force that is able to do work and looking…

Q: What is the business cycle?

A: Since you have posted multiple independent questions in the same request, we will solve the first…

Q: At the time you are studying the material in this chapter, which phase of the business cycle do you…

A: Business cycles are described as cyclical upswings and downswings in broad economic activity indices…

Q: What are the four phases of the business cycle? How long do business cycles last? How do seasonal…

A: The four phases of business cycles are 1.Expansion 2.Peak 3.Contraction 4.Trough

Q: might it be important to be able to predict the business cycles ? Who might be interested in being…

A: Business cycles exhibit the boom, recession, depression, and recovery within an economy. It is a…

Q: 23. Based on the decennial pattern of cycles, how would the return of the Dow Jones Industrial…

A: Answer:  A) The return would be better.   Explanation: The decennial pattern theory states that…

Q: What part of the business cycle is the U.S. economy currently in as if April 25 2020?

A: Phases of the business cycle and its impact is as follows: 1.Boom During this phase, the GDP of the…

Q: Which of the following correctly describes the business cycle? O It is the constant rise in GDP over…

A: “Hey, thank you for the question. Since there are multiple questions posted, we will answer first…

Q: Using business cycle explain what phase of economy isreal is currently in and what are the…

A: The business cycles are divided into four main parts: expansion, peak, contraction, and peak. These…

Q: In the real business cycle model, suppose the government spending increases temporarily. Determine…

A: DISCLAIMER  “Since you have asked multiple question, we will solve the first three subpart for you…

Q: An economy has a + 4% output gap, what is its cyclical unemployment ? What is the phase of the…

A:

Q: Use the data below that describes a nation’s population to answer the following questions: a) How…

A: Labour force includes unemployed and employed people . Unemployment means people are actively…

Q: Let’s see how an emotional concept like “confidence” shows up mathematically. To keep things simple,…

A: Nominal GDP computes a country's GDP utilizing current prices, without changing for inflation.…

Q: According to the real business theory the source of the a recession is a slowdown in the growth rate…

A: Recession occurs due to decrease in quantity of money or money supply.

Q: Explaining how employment is typically affected during each phase?

A: The classical business cycle represents the path of economic growth, how the economy is growing…

Q: Suppose the number of employed people in Pakistan is 20.5 million. The unemployment rate in this…

A: Number of employed is given as 20.5 million. Unemployment rate = 8.8 % Thus, employment rate = 100 -…

Q: An economy has an unemployment rate of 11% and real GDP grows by 2.5% annually. A treasury official…

A: Okun’s law gives the theoretical construct about the relationship between unemployment and GDP,…

Q: GDP totaled 12.8 trillion. here was a -2.4 % change from 2008's GDP of 13.2 trillion. The…

A: With GDP in 2009 is -2.4 % less than GDP in 2008, the economy is experiencing contraction in…

Q: 43. Which of the following variables does NOT cause business cycles, according to classical…

A: The cycle that tends to depict the decline and growth of business in an economy that is being…

Q: The Which of these represents an example of citizens who would not typically be counted as…

A: Answer :- Option (D) - All of the above

Q: a. Suppose that American households become more worried about the future, and they begin to save…

A: In an economy, if people become less confident about future, they tries to save some money that can…

Q: Economists find in a business cycle, a peak represents the end of and a trough represents the end of…

A: The business cycle shows the trends of the gross domestic product (GDP) and how it expands/changes…

Q: Complete a table showing the unemployment rate, inflation rate and economic growth rate for 2009 –…

A: In economic activity, business cycles area unit outlined as periods of growth followed by periods of…

Q: What are the key ideas of the real business cycle model? How does it explain business cycle…

A: The real business cycle theory makes the fundamental assumption that an economy witnesses all these…

Q: 1. Write in detail about business cycle with example of an economy(Country)? ANSWER:…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Which of the following statements best refers to the business cycle? Explain. 1. My business for…

A: Business cycle refers to movement of real GDP upward and downward over a period of time. There are 5…

Q: Many comp business, and many of their former workers are unemployed. Banks have been unwilling to…

A: Expansion and contraction in the economic activities are known as the business cycles. The business…

Q: Define business cycle . Explain the different phases of business cycle . Also eleborate the various…

A: "Macroeconomics refers to the branch of economics that deals with the study of the economy as a…

Q: b. Explain in some detail the 4 phases of the business cycle, Please don’t include Depression as one…

A: Business Cycle: It refers to the fluctuation (rise or fall) in the economic trade that occurs over…

Q: Every economy has to face a business cycle. Explain which part is worse for economy and which one is…

A: The business cycle is the natural rise and fall of economic growth that occurs over time. Knowing…

Q: plain the meaning of real vs nominal of a particular macroeconomic variable.

A: Introduction Macroeconomics is the study of the behaviour of the aggregates of the economy as a…

Q: 25. While looking at an economic cycle you can find five different phases, respectively which will…

A: The cyclical movement of an economy as it swings from growth to recession and again is known as an…

Demand and Supply

The concept of demand and supply is important for various factors. One of them is studying and evaluating the condition of an economy within a certain period. The analysis or evaluation of the demand-side factors is important for the suppliers to understand the consumer or individual behaviour. The evaluation of supply-side factors is important for the consumer or individuals to understand that what kind of combination of an economic good or what kind of economic good and services he or she should consume to maximise his utility and minimise the cost. Therefore, in microeconomics, both of these concepts are extremely important to have an idea that what exactly is going on in the economy.