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Author Question: What generally causes the business cycle? What are the four phases of a single business cycle? What ... (Read 120 times)

jerry coleman

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on: Jun 30, 2018
What generally causes the business cycle? What are the four phases of a single business cycle? What are the problems associated with the business cycle?

Question 2

Which of the following is not an automatic stabilizer?
 a. Personal income tax revenue.
  b. Corporate income tax revenue.
  c. Unemployment compensation benefits.
  d. Property tax revenue.


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6ana001

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Reply #1 on: Jun 30, 2018
Answer to Question 1

Changes in total spending (aggregate demand) are what generally cause changes in the business cycle. The four phases of a single business cycle is a peak, recession, trough and an expansion. The problems associated with a recession are cyclical unemployment and slow growth. The problem with an expanding economy is (demand-pull) inflation.

Answer to Question 2

d


jerry coleman

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

bitingbit

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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