12-2 by Kleber Mendoza-144002658 https://padlet.com/144002658/2q65hua5372nsn4x Kleber Mendoza en-us 2021-12-06 19:24:36 UTC 2021-12-22 06:58:49 UTC hello@padlet.com What are the 5 phases of the business cycle? 144002658 https://padlet.com/144002658/2q65hua5372nsn4x/wish/1931987997 Peak 
Contraction
Trough 
Recovery 
Expansion 

]]> 2021-12-06 19:26:45 UTC https://padlet.com/144002658/2q65hua5372nsn4x/wish/1931987997 How do economists measure a business cycle? Specifically: what nationwide statistic is used to track it? And what determines whether a business cycle has begun or ended? 144002658 https://padlet.com/144002658/2q65hua5372nsn4x/wish/1931994427 It is measured from peak to peak. They make a prediction and see your health. ]]> 2021-12-06 19:29:59 UTC https://padlet.com/144002658/2q65hua5372nsn4x/wish/1931994427 Briefly define the characteristics of each of the 5 phases of the business cycle pg 359 144002658 https://padlet.com/144002658/2q65hua5372nsn4x/wish/1932005863 Peak- At the peak of a business cycle the real GDP is at a temporary high.
Contraction- If real GDP decreases the economy is said to be in a contraction. 
Trough- The low point in real GDP, just before it begins to turn up. 
Recovery- When the GDP is rising. begins at trough and ends on peak. 
Expansion- Increases in real GDP beyond the recovery. 




]]> 2021-12-06 19:35:44 UTC https://padlet.com/144002658/2q65hua5372nsn4x/wish/1932005863 Why might an economist say the US is "experiencing a recession"? What phase of the business cycle do they observe and for how long? 144002658 https://padlet.com/144002658/2q65hua5372nsn4x/wish/1932008064 If real GDP declines for two consecutive quarters, there is four. The economy is said to be in Recession. When the GDP falls and the unemployment rate rises. ]]> 2021-12-06 19:36:58 UTC https://padlet.com/144002658/2q65hua5372nsn4x/wish/1932008064 Follow this article link: Leading, Lagging, and Coincident Indicators (Links to an external site.) What are three possible leading indicators of good economic performance? For each one, what do these indicators show about the mindset of investors, business-owners, or the federal government? 144002658 https://padlet.com/144002658/2q65hua5372nsn4x/wish/1932009376
  • Leading indicators are considered to point toward future events. Houses going up and a heads up for investors.
  • Lagging indicators are seen as confirming a pattern that is in progress. Things that happen after the event.
  • Coincident indicators occur in real-time and clarify the state of the economy. Key numbers that have substantial impact overall on the economy.

    • ]]>     2021-12-06 19:37:36 UTC https://padlet.com/144002658/2q65hua5372nsn4x/wish/1932009376     For EACH of the major causes of the business cycle -- Money Supply, Business Investment/Residential Construction/Government Spending, Politics, Innovation, and Supply Shocks -- answer the following questions:Who/what is the main driver of economic activity? (is it investors, the Federal Reserve, storms? etc.)What actions/decisions do these actors take that influence the performance of the economy? (increase spending, destroy homes, innovate? etc.)How might these actions/decisions lead to economic expansion?How might these actions/decisions lead to economic contraction? 144002658 https://padlet.com/144002658/2q65hua5372nsn4x/wish/1932010284 1. The amount that people spend on an item which is consumer spending. 
    2. The change prices and employment wages. 
    3. They can make a change in which more people will want to buy certain goods.
    4. The change of a product's production can change and the increase in certain goods and less consumers. ]]>     2021-12-06 19:38:04 UTC https://padlet.com/144002658/2q65hua5372nsn4x/wish/1932010284     Which one of these possible causes do you think has the biggest impact in an economy? Why do you think that is? 144002658 https://padlet.com/144002658/2q65hua5372nsn4x/wish/1932011149 The expansion has more impact. I think this becasue this is when we are getting back on our feet. ]]> 2021-12-06 19:38:33 UTC https://padlet.com/144002658/2q65hua5372nsn4x/wish/1932011149