Which of the following probably occurred as the U.S. economy experienced declining real GDP in 1948? Check all that apply. Car sales increased. Consumer spending increased. Corporate profits declined. The unemployment rate increased.
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- Benefits and advantages of inflation and deflation in the economy.How would the economy change with a new president? What does it mean for economic growth, and job creation? Please post substantive comments.When actual GDP does not rise as fast as potential GDP, the economy most likely will experience inflation recession economic growth falling unemployment
- history of turkish economy at this period 2010-2015What term is used to describe the total value of all the goods and services produced in a country over a specific time period? A) Gross Domestic Product (GDP) B) Consumer Price Index (CPI) C) Balance of Trade D) Fiscal DeficitWhich of the following would occur in an economy experiencing deflation?
- Scenario 1: An increase in the unemployment rate to 7.4% has occurred. Inflation has increased causing a decline in consumer spending. Exports have declined by more than $4 billion. This has caused a decrease in GDP by 3.7%.What happens to a country's consumption as it moves along the business cycle? Track its behavior from the starting phase of the business cycle until its last.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
- GDP in 1981 was $2.96 trillion. It grew to $3.07 trillion in 1982, yet the quantity of output actually decreased. How is this possible?Inflation is defined as an increase in: real wages of workers. real GDP. the overall price level. all consumer products.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.
