This topic contains a solution. Click here to go to the answer

Author Question: The following statements about the business cycle are correct except ______. A. it is a regular ... (Read 64 times)

Medesa

  • Hero Member
  • *****
  • Posts: 507
The following statements about the business cycle are correct except ______.
 
  A. it is a regular predictable cycle in real GDP around potential GDP
  B. from the peak to the trough, the economy is in a recession
  C. from the trough to the peak, the economy is in an expansion
  D. it is a periodic movement in economic activity including employment

Question 2

What does it mean for two inputs to be complements? Give an example that describes how labor and capital can be complementary inputs.
 
  What will be an ideal response?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ricroger

  • Sr. Member
  • ****
  • Posts: 352
Answer to Question 1

A The business cycle fluctuations around potential GDP are ir-regular and difficult to predict.

Answer to Question 2

Two inputs are complementary when the presence of one raises the productivity of another. A worker with a shovel can dig holes more quickly than one without.




Medesa

  • Member
  • Posts: 507
Reply 2 on: Jun 29, 2018
Wow, this really help


momolu

  • Member
  • Posts: 320
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

For a complete list of videos, visit our video library