This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The following statements about the business cycle are correct except ______. A. it is a regular ... (Read 68 times)

Medesa

  • Hero Member
  • *****
  • Posts: 507
on: Jun 29, 2018
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
Reply #1 on: Jun 29, 2018
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
Great answer, keep it coming :)

carlsona147

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Which is TRUE about the alternation of generations cycle that is diagramed above? Which is TRUE about the alternation of generations cycle that is diagramed above?
Sequential blending uses a computer to calculate the correct ratio as well as the prescribed order ... Sequential blending uses a computer to calculate the correct ratio as well as the prescribed order ...
The Hydrologic Cycle The Hydrologic Cycle
The stages comprising an arbitrary cell cycle The stages comprising an arbitrary cell cycle
Business Math Business Math
Business Math Business Math
Video: Stimulus (introduction)

For a complete list of videos, visit our video library