12-2 by Gisselle AlvarezTorres-146004943 https://padlet.com/146004943/ba6vo2bfy104pdj1 en-us 2021-12-06 19:25:36 UTC 2021-12-10 05:18:27 UTC hello@padlet.com 1) What are 5 phases of the bussines cycle? 146004943 https://padlet.com/146004943/ba6vo2bfy104pdj1/wish/1931993616 The 5 phases of the buessnies cycle would be peak, contraction, trough, recovery and expansion.]]> 2021-12-06 19:29:36 UTC https://padlet.com/146004943/ba6vo2bfy104pdj1/wish/1931993616 2) How do economists measure a bussines cycle? 146004943 https://padlet.com/146004943/ba6vo2bfy104pdj1/wish/1931996853 Economists measure a bussiness cycle by comparing the economy to ones health. ]]> 2021-12-06 19:31:08 UTC https://padlet.com/146004943/ba6vo2bfy104pdj1/wish/1931996853 3) Briefly define the characteristics of each of the 5 phases of the business cycle. 146004943 https://padlet.com/146004943/ba6vo2bfy104pdj1/wish/1932013312 The first phase of the bussines cycle is peak, that would when the real GDP is at a temporary high level. After that it would be contraction and thats when the real GPD decreases. Trough is the lowest point in the real GPD. Recovery is when the real GPD is rising. Finally, the last phase would be exapnsion when the real GPD is increasing beyond recovery. ]]> 2021-12-06 19:39:39 UTC https://padlet.com/146004943/ba6vo2bfy104pdj1/wish/1932013312 4) Why might an economist say the US is "experiencing a recession"? What phase of the business cycle do they observe and for how long? 146004943 https://padlet.com/146004943/ba6vo2bfy104pdj1/wish/1932023216 An economist could say that the US is experiencing a recession because the real GPD has most likely declined for two consecutive quarters. The phase of the bussines cycle would be contraction and it would probably last more than a few months.]]> 2021-12-06 19:44:20 UTC https://padlet.com/146004943/ba6vo2bfy104pdj1/wish/1932023216 5) 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? 146004943 https://padlet.com/146004943/ba6vo2bfy104pdj1/wish/1932024348 The three possible leading indicators would be leading, lagging and coincident indicators. Leading indicators would be considered as things that direct towards events in the future. Lagging indicators are once after the event happens and what they do is confirm patterns in porgress.  Coincident are ones that are able to identify the state of which the economy would be in.]]> 2021-12-06 19:45:00 UTC https://padlet.com/146004943/ba6vo2bfy104pdj1/wish/1932024348 6) 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: 1. Who/what is the main driver of economic activity? (is it investors, the Federal Reserve, storms? etc.) 2.What actions/decisions do these actors take that influence the performance of the economy? (increase spending, destroy homes, innovate? etc.) 3. How might these actions/decisions lead to economic expansion? 4. How might these actions/decisions lead to economic contraction? 146004943 https://padlet.com/146004943/ba6vo2bfy104pdj1/wish/1939694145 1. The main driver of economic activity would have to be consumer spending. 2. The decisions actors take that influences the performance of the economy would be investing. 3. These actions might lead to economic expansion because investing would add to the capital stock. 4. These actions may also lead to economic contraction because it could decrease demand.  ]]> 2021-12-10 04:30:02 UTC https://padlet.com/146004943/ba6vo2bfy104pdj1/wish/1939694145 7) Which one of these possible causes do you think has the biggest impact in an economy? Why do you think that is? 146004943 https://padlet.com/146004943/ba6vo2bfy104pdj1/wish/1939698353 I think supply shocks would have the biggest imapct in an economy because prices would most likely rise and become less affordable and more people will not have enough goods to survive on.]]> 2021-12-10 04:34:18 UTC https://padlet.com/146004943/ba6vo2bfy104pdj1/wish/1939698353