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- What is a business cycle? How do businesses adapt to periods of contraction and expansion?On what stage of the business cycle is the US economy?Businesses have different strategies for when a country is in a recession or an upswing. Do some research within the company or in general and evaluate what your company would do when the business cycle is in a recession or in an upswing. Consider your costs, production, and employment as factors to touch on and supply and demand
- What are the stages of the business cycle.Business cycles can wreak havoc in the economy and create real economic hardship. Remember, the three indicators to keep your eye on are the unemployment rate, the rate of inflation and the GDP growth rate. At the peak of the business cycle, which economic indicator will enter the “danger zone”? How about in the trough?Now Lebanon is facing an economic downturn. what kind of businesses (platform businesses or pipeline businesses) do you think can be easier and more profitable to survive and maybe flourish?
- Every economy has to face a business cycle. Explain which part is worse for economy and which one is better. Provide detail with some historical data.During a certain period of time, the economic growth of a country is reflected through some phases of the economic cycle. What is a business cycle? Explain. What are the four phases of the business cycle? Explain each one. Do the four phases have a certain order? Explain your answer. Does an economic cycle have a specific period of months or years? Explain your answer.The change in the business cycles can impact how the economy is operating. Explain how an increase in the unemployment rate would impact how businesses will operate. Analyze how economic growth can be impacted by changes in the unemployment rate.