Describe recession and expansion.

Question

Want to see more full solutions like this?

Answer 1

Question

Definition Definition Increase in the amount of goods and services produced by a country in a given period of time compared to an earlier period. Economic growth is generally coupled with a rise in national income or the purchasing power of individuals. It is often measured in terms of the increase in a country's gross domestic product (GDP), or the overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period.

Chapter 12, Problem 1RQ

To determine

Describe recession and expansion.

Expert Solution & Answer

Explanation of Solution

When the economy is reach it peaks, the economic activities reach its heights. Then it begins to fall. In the period of recession, the economic activities go in a slow motion. This is because of the decreased employment, productivity, and money growth. However, the economy will survive the situation through the adoption of macroeconomic policies. Then the economic activities improve better than the recession period. Thus, it can be said that the beginning point of recession is a peak and it ends at the trough situation. Then the economy gradually moves to the expansion stage. In the post war period, due to the adoption of many policies, Country U entered in to an expansionary phase. Also an expansionary stage has been longer on average than a recession.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Students have asked these similar questions

A linear programming computer package is needed. As part of the settlement for a class action lawsuit, Hoxworth Corporation must provide sufficient cash to make the following annual payments (in thousands of dollars). Year 1 2 3 4 5 6 Payment 170 195 220 265 295 440 The annual payments must be made at the beginning of each year. The judge will approve an amount that, along with earnings on its investment, will cover the annual payments. Investment of the funds will be limited to savings (at 4% annually) and government securities, at prices and rates currently quoted in The Wall Street Journal. Hoxworth wants to develop a plan for making the annual payments by investing in the following securities (par value = $1,000). Funds not invested in these securities will be placed in savings. Security Current Price Rate (%) Years to Maturity 1 $1,055 6.750 3 2 $1,000 5.125 4 Assume that interest is paid annually. The plan will be submitted to the judge and, if approved,…

On the 1st of April 2018, the South African National Treasury increase the value-added tax rate from 14% to 15%. This policy change had a wide-ranging impact on society. Discuss some of the benefits and drawbacks of making use of this type of tax to generate government revenue and what we may expect in terms of its impact on inflation and GDP growth within the economy. Please use some of the economics graphs to explain some scenarios

Eskom is South Africa’s monopoly power producer which the majority of South Africans depend on. Suppose there is extensive deregulation in the power industry. What is the impact of this deregulation on the industry? Help me on discussing the new market structure as well as the impact on supply and demand. Use the relevant diagrams.

Answer 2

Question

Definition Definition Increase in the amount of goods and services produced by a country in a given period of time compared to an earlier period. Economic growth is generally coupled with a rise in national income or the purchasing power of individuals. It is often measured in terms of the increase in a country's gross domestic product (GDP), or the overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period.

Chapter 12, Problem 1RQ

To determine

Describe recession and expansion.

Expert Solution & Answer

Explanation of Solution

When the economy is reach it peaks, the economic activities reach its heights. Then it begins to fall. In the period of recession, the economic activities go in a slow motion. This is because of the decreased employment, productivity, and money growth. However, the economy will survive the situation through the adoption of macroeconomic policies. Then the economic activities improve better than the recession period. Thus, it can be said that the beginning point of recession is a peak and it ends at the trough situation. Then the economy gradually moves to the expansion stage. In the post war period, due to the adoption of many policies, Country U entered in to an expansionary phase. Also an expansionary stage has been longer on average than a recession.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Definition Definition Increase in the amount of goods and services produced by a country in a given period of time compared to an earlier period. Economic growth is generally coupled with a rise in national income or the purchasing power of individuals. It is often measured in terms of the increase in a country's gross domestic product (GDP), or the overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period.

Chapter 12, Problem 1RQ

To determine

Describe recession and expansion.

Expert Solution & Answer

Explanation of Solution

When the economy is reach it peaks, the economic activities reach its heights. Then it begins to fall. In the period of recession, the economic activities go in a slow motion. This is because of the decreased employment, productivity, and money growth. However, the economy will survive the situation through the adoption of macroeconomic policies. Then the economic activities improve better than the recession period. Thus, it can be said that the beginning point of recession is a peak and it ends at the trough situation. Then the economy gradually moves to the expansion stage. In the post war period, due to the adoption of many policies, Country U entered in to an expansionary phase. Also an expansionary stage has been longer on average than a recession.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Definition Definition Increase in the amount of goods and services produced by a country in a given period of time compared to an earlier period. Economic growth is generally coupled with a rise in national income or the purchasing power of individuals. It is often measured in terms of the increase in a country's gross domestic product (GDP), or the overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period.

Chapter 12, Problem 1RQ

To determine

Describe recession and expansion.

Expert Solution & Answer

Explanation of Solution

When the economy is reach it peaks, the economic activities reach its heights. Then it begins to fall. In the period of recession, the economic activities go in a slow motion. This is because of the decreased employment, productivity, and money growth. However, the economy will survive the situation through the adoption of macroeconomic policies. Then the economic activities improve better than the recession period. Thus, it can be said that the beginning point of recession is a peak and it ends at the trough situation. Then the economy gradually moves to the expansion stage. In the post war period, due to the adoption of many policies, Country U entered in to an expansionary phase. Also an expansionary stage has been longer on average than a recession.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 12, Problem 1RQ

To determine

Describe recession and expansion.

Expert Solution & Answer

Explanation of Solution

When the economy is reach it peaks, the economic activities reach its heights. Then it begins to fall. In the period of recession, the economic activities go in a slow motion. This is because of the decreased employment, productivity, and money growth. However, the economy will survive the situation through the adoption of macroeconomic policies. Then the economic activities improve better than the recession period. Thus, it can be said that the beginning point of recession is a peak and it ends at the trough situation. Then the economy gradually moves to the expansion stage. In the post war period, due to the adoption of many policies, Country U entered in to an expansionary phase. Also an expansionary stage has been longer on average than a recession.

Answer 6

Chapter 12, Problem 1RQ

To determine

Describe recession and expansion.

Expert Solution & Answer

Explanation of Solution

When the economy is reach it peaks, the economic activities reach its heights. Then it begins to fall. In the period of recession, the economic activities go in a slow motion. This is because of the decreased employment, productivity, and money growth. However, the economy will survive the situation through the adoption of macroeconomic policies. Then the economic activities improve better than the recession period. Thus, it can be said that the beginning point of recession is a peak and it ends at the trough situation. Then the economy gradually moves to the expansion stage. In the post war period, due to the adoption of many policies, Country U entered in to an expansionary phase. Also an expansionary stage has been longer on average than a recession.

Answer 7

Chapter 12, Problem 1RQ

To determine

Describe recession and expansion.

Answer 8

Expert Solution & Answer

Explanation of Solution

When the economy is reach it peaks, the economic activities reach its heights. Then it begins to fall. In the period of recession, the economic activities go in a slow motion. This is because of the decreased employment, productivity, and money growth. However, the economy will survive the situation through the adoption of macroeconomic policies. Then the economic activities improve better than the recession period. Thus, it can be said that the beginning point of recession is a peak and it ends at the trough situation. Then the economy gradually moves to the expansion stage. In the post war period, due to the adoption of many policies, Country U entered in to an expansionary phase. Also an expansionary stage has been longer on average than a recession.