The business cycle by steven riveraagudo https://padlet.com/riveraagudost/2q1lmi1d2fw6 About the business cycle and each phase. en-us 2018-04-24 13:04:09 UTC 2025-10-16 13:08:01 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Growing.png What this phase is about riveraagudost https://padlet.com/riveraagudost/2q1lmi1d2fw6/wish/255214421 It is when people who want to work are working.
What happens in this phase
  • This is when inflation occurs
  • GDP rate of growth increases
  • Businesses produce goods and services in the record numbers
  • Wages are good
  • One thing to note is that phase does not last forever.
]]> 2018-04-25 13:22:35 UTC https://padlet.com/riveraagudost/2q1lmi1d2fw6/wish/255214421 What is recession? apontead https://padlet.com/riveraagudost/2q1lmi1d2fw6/wish/255658350 Recession is when the economy begins to slow down. Demand for items begins to decrease. Businesses lower production because of the low amount of demands and Unemployment rate begins to rise. During this time the GDP growth slows for 2 quarters or more.]]> 2018-04-26 14:14:58 UTC https://padlet.com/riveraagudost/2q1lmi1d2fw6/wish/255658350 An Example of Recession apontead https://padlet.com/riveraagudost/2q1lmi1d2fw6/wish/255663069 For Instance, after awhile a certain car model will no longer be in high demand. Because of this production will not need to keep wasting money on making that car. As a result the engineers and workers may lose they're job. Thus creating a ripple effect. ]]> 2018-04-26 14:23:28 UTC https://padlet.com/riveraagudost/2q1lmi1d2fw6/wish/255663069 Not that kind of depression! apontead https://padlet.com/riveraagudost/2q1lmi1d2fw6/wish/255851984 An Economic Depression is a severe form of a recession. The unemployment rate is much higher. Consumer sales a very very weak and more and more businesses begin to shut their doors for good. Unlike a recession GDP falls rapidly. ]]> 2018-04-26 22:51:47 UTC https://padlet.com/riveraagudost/2q1lmi1d2fw6/wish/255851984 Effects of the great depression riveraagudost https://padlet.com/riveraagudost/2q1lmi1d2fw6/wish/255970945
  • In between 1910 to 1960 the GDP rate fell from 610-1,000
  • The unemployment rate between 1930 to 1940 was 23%-15%.
  • Some other effects were declines in consumer demand, financial panics, and a fall of economic outputs in the U.S
  • During T.G.D half of all banks failed, homelessness increased ,housing prices plummeted 30 percent, global trade dropped by 60 percent, and prices fell 10 percent.
  • Lastly it took 25 years for the stock market to recover!!

    • ]]>     2018-04-27 12:14:30 UTC https://padlet.com/riveraagudost/2q1lmi1d2fw6/wish/255970945     What the Heck is GDP?! apontead https://padlet.com/riveraagudost/2q1lmi1d2fw6/wish/256033400 For those who are asking a similar question GDP stands for Gross Domestic Product. Gross Domestic Product is the total value of all final goods and services produced in a country in one year. GDP is used to measure the growth of an economy. To measure GDP information is collected from producers to estimate a national output. ]]> 2018-04-27 14:36:56 UTC https://padlet.com/riveraagudost/2q1lmi1d2fw6/wish/256033400 But Wait.. There's More! apontead https://padlet.com/riveraagudost/2q1lmi1d2fw6/wish/256035792 There is also something called GDP per capita which is output per person. If there is an increase in GDP per capita it means out economy is growing which is very healthy and good for the economy. ]]> 2018-04-27 14:42:06 UTC https://padlet.com/riveraagudost/2q1lmi1d2fw6/wish/256035792 Its the Circle of Life! apontead https://padlet.com/riveraagudost/2q1lmi1d2fw6/wish/256038373 There are 4 phases of of the business cycle. Prosperity, Recession, Depression, Recovery. They are economic changes, or the movement from one condition to another and back again. ]]> 2018-04-27 14:48:00 UTC https://padlet.com/riveraagudost/2q1lmi1d2fw6/wish/256038373 It's time to recover! apontead https://padlet.com/riveraagudost/2q1lmi1d2fw6/wish/256044922 Recovery is the end of recession. The unemployment rate decreases. Demand for goods and services increase again and so does the GDP. It's a slow process slowly but surely things will being to increase and return to normal again]]> 2018-04-27 15:04:06 UTC https://padlet.com/riveraagudost/2q1lmi1d2fw6/wish/256044922 apontead https://padlet.com/riveraagudost/2q1lmi1d2fw6/wish/256053371 2018-04-27 15:25:05 UTC https://padlet.com/riveraagudost/2q1lmi1d2fw6/wish/256053371