Chapter 12 Section 2 by Isaac Casas-147004203 https://padlet.com/147004203/7s8wit90dyk991if en-us 2021-12-06 18:56:09 UTC 2025-10-11 10:36:27 UTC hello@padlet.com What are the 5 phases of the business cycle? 147004203 https://padlet.com/147004203/7s8wit90dyk991if/wish/1931938197 Peak, Contraction, Trough, Recovery, and Expansion.]]> 2021-12-06 19:03:31 UTC https://padlet.com/147004203/7s8wit90dyk991if/wish/1931938197 How do economists measure a business cycle? Specifically: what nationwide statistic is used to track it? 147004203 https://padlet.com/147004203/7s8wit90dyk991if/wish/1931972445 Business cycle´s are measured from peak to peak. To track the business cycle Real GPD and Time is used.]]> 2021-12-06 19:18:57 UTC https://padlet.com/147004203/7s8wit90dyk991if/wish/1931972445 Briefly define the characteristics of each of the 5 phases of the business cycle. 147004203 https://padlet.com/147004203/7s8wit90dyk991if/wish/1931974067 Peak: Real GDP is temporary high. Contraction: GDP decreases then the economy is in contraction. Trough: once it stops declining then the only way it goes is up. Recovery: It goes up until it reaches its peak. Expansion: Increases in real GDP after recovery.]]> 2021-12-06 19:19:42 UTC https://padlet.com/147004203/7s8wit90dyk991if/wish/1931974067 Why might an economist say the US is "experiencing a recession"? What phase of the business cycle do they observe and for how long? 147004203 https://padlet.com/147004203/7s8wit90dyk991if/wish/1931975176 Economist say the US is ¨experiencing a recession¨ because when covid-19 hit everything just crashed, jobs were lost production slowed/stopped and everything was just at a low.]]> 2021-12-06 19:20:16 UTC https://padlet.com/147004203/7s8wit90dyk991if/wish/1931975176 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? 147004203 https://padlet.com/147004203/7s8wit90dyk991if/wish/1931976600 When investors see production slowing down and potentially stopping they would want to take out their investment.]]> 2021-12-06 19:20:59 UTC https://padlet.com/147004203/7s8wit90dyk991if/wish/1931976600 Which one of these possible causes do you think has the biggest impact in an economy? Why do you think that is? 147004203 https://padlet.com/147004203/7s8wit90dyk991if/wish/1931977762 I believe that would be the fact that a lot of production companies slowed/stopped production. That caused low stock on products and for people to go crazy shopping.  ]]> 2021-12-06 19:21:36 UTC https://padlet.com/147004203/7s8wit90dyk991if/wish/1931977762