Answer: The event in which the “
economic policy renews consumer confidence and demand
” most likely explains “renewed demand” in a recovery period. Explanation: One of the major reasons that cause a recession to occur is the drastic fall in the demand for produced goods.
Which event most likely renewed demand in a recovery period?
The Business Cycle. Which event most likely explains renewed demand in a recovery period?
Economic policy renews consumer confidence and demand
.
Which of the following is a characteristic of the prosperity phase in the business cycle?
One of the defining characteristics of the prosperity stage in the business cycle is
low level of unemployment
. Additionally, a prosperous economy experiences relatively high levels of consumer demand and production, matched with increased buying power for much of the population.
Why might buying a home during a recession be a good decision for some consumers check all that?
Why might buying a home during a recession be a good decision for some consumers?
Housing prices are down
. Less demand means more options for buyers. Less demand means less competition with other buyers.
Which best describes the nature of cause and effect in the context of the business cycle quizlet?
Which best describes the nature of cause and effect in the context of the business cycle?
Each effect has other effects
. Which best describes what is represented in the business cycle model? During a recession, what is one way governments try to encourage growth?
How are recessions best described?
The working definition of a recession is
two consecutive quarters of negative economic growth as measured by a country's gross domestic product (GDP)
, although the National Bureau of Economic Research (NBER) does not necessarily need to see this occur to call a recession, and uses more frequently reported monthly data …
What is one way governments try to encourage growth?
During a recession,
by increasing unemployment benefits
is the one way governments try to encourage growth.
What is prosperity in a business cycle?
The prosperity stage is
the highest level of revival phase of trade cycle
. In this stage demand, productivity, employment, people income and consumption are at the top. … As the demand increased for bank credits and loans the rate of interest reaches the highest floor, which leads to sharp hike in the prices.
Which one of the following is not the characteristics of business cycle?
Business cycles occur periodically though they do not exhibit the same
regularity
. Explanation: A business cycle has many fluctuations and it depends on the economic condition of a country. … The sequence of changes that take place in the business cycle occurs again and again but are not periodic in nature.
What are the 4 stages of the cycle of prosperity?
An economic cycle is the overall state of the economy as it goes through four stages in a cyclical pattern. The four stages of the cycle are
expansion, peak, contraction, and trough
. Factors such as GDP, interest rates, total employment, and consumer spending, can help determine the current stage of the economic cycle.
What are the five stages of a recession?
- job loss.
- falling production.
- falling demand (occurs twice)
- peak production.
Which event most likely explains renewed?
Answer: The event in which the “
economic policy renews consumer confidence and demand
” most likely explains “renewed demand” in a recovery period.
What conclusion can someone draw from the map quizlet?
What conclusion can someone draw from the map?
States with the lowest per capita GDP tend to be in the South.
Which best describes the nature of cause and effect in the context of business cycles?
Answer Expert Verified. The option that best describes the nature of the cause and effect in the context of the business cycle is A.
Each effect has other effects
. All markets economies go through periods when consumption-spending on goods and services rises.
How did the contribution of the services sector to GDP change between 2009 and 2011?
How did the contribution of the services sector to GDP change between 2009 and 2011?
It rose significantly.
produces more goods and services. Which unemployment rate do most economists consider to be acceptable in the United States?
Which is an effect of stagflation?
Stagflation results in three things: high inflation, stagnation, and unemployment. In other words, stagflation creates an
economy characterized by quickly rising prices and no economic growth
(and possibly an economic contraction), which brings about high unemployment.
