as you analyze the dismal United States economic environment, you notice that unemploymentis decreasing, durable goods orders are increasing, housing starts are on the rise, and capital spending budgets are gettinglarger. Based on your outstanding knowledge gained in BUSI 1301, you are now confident that the overall economy is headed towards what phase of the general business cycle?
as you analyze the dismal United States economic environment, you notice that unemploymentis decreasing, durable goods orders are increasing, housing starts are on the rise, and capital spending budgets are gettinglarger. Based on your outstanding knowledge gained in BUSI 1301, you are now confident that the overall economy is headed towards what phase of the general business cycle?
All the countries goes through changes and fluctuations in the economic activities. Sometimes, the economic activity is high, while sometimes, it is low. This increase and decrease cause rise and fall in production as well as employment.
This expansion in the economic activity and the following contraction in the economy is the business cycle.
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