https://padlet.com/147004134/h0j6bb9959tsdk9f Economics en-us 2021-12-06 18:37:21 UTC 2021-12-06 22:09:07 UTC hello@padlet.com 147004134 https://padlet.com/147004134/h0j6bb9959tsdk9f/wish/1931881400 -The Peak
-Contraction/Recession
-Trough
-Recovery
-Expansion]]> 2021-12-06 18:38:56 UTC https://padlet.com/147004134/h0j6bb9959tsdk9f/wish/1931881400 147004134 https://padlet.com/147004134/h0j6bb9959tsdk9f/wish/1931884703 -They measure business cycles from peak to peak, through Real GDP.
-The nations economy such as the U.S economy decided where they measure the cycle from, for example from 1854 to 2014, and once again a cycle begins at its peak and ends at another peak]]> 2021-12-06 18:40:25 UTC https://padlet.com/147004134/h0j6bb9959tsdk9f/wish/1931884703 147004134 https://padlet.com/147004134/h0j6bb9959tsdk9f/wish/1931887317 -The peak is a temporary high when the GDP is high, employment rates are high, goods and services are being produced at a good rate.
-The contraction is caused when the real GDP decreases and if it stays consecutive for two quarters of a year the the economy is referred to as being in recession, where unemployment rates are high and the standard of living declines.
-The trough is the lowest point in real GDP before it begins to turn up again.
-The recovery is when real GDP is rising which begins at the tough and ends at the initial peak. 
-The expansion is determined when the real GDP is beyond the recovery.

]]> 2021-12-06 18:41:30 UTC https://padlet.com/147004134/h0j6bb9959tsdk9f/wish/1931887317 147004134 https://padlet.com/147004134/h0j6bb9959tsdk9f/wish/1931888518 -An economist might say that the U.S is experiencing a recession when unemployment rates start to rise, prices increase and the standard of living decreases, therefore people loose jobs or their property etc.
-They observe the contraction and if it prolongs more than two quarters of the year then that is when they start considering the U.S in recession.]]> 2021-12-06 18:42:01 UTC https://padlet.com/147004134/h0j6bb9959tsdk9f/wish/1931888518 147004134 https://padlet.com/147004134/h0j6bb9959tsdk9f/wish/1931889670 -Leading: These indicators point to upturns or downturns in the future that affect the economy (in real GDP).
-Coincident; These indicators occur in the present and the clarify what the state of the economy is.
-Lagging; These indicators confirm a pattern that is in progress
These indicators show how investors, business-owners and the federal government like to predict the state of the economy and try to calculate what state the economy will be at in the future so that they can make decisions that will determine their success ]]> 2021-12-06 18:42:33 UTC https://padlet.com/147004134/h0j6bb9959tsdk9f/wish/1931889670 147004134 https://padlet.com/147004134/h0j6bb9959tsdk9f/wish/1931907646 Money Supply: The main driver is the government and consumers. Consumers buying or not buying goods and services influence the economic performance. An increase in money supply means more buying so it leads to economic expansion. A decrease in money supply means buying less goods and services which leads to economic contraction
BI, RC, and GS: The main driver is the firms and government. Firms and other companies investing in machinery or buildings influence economic performance. An increase of investments and spending will ultimately lead to expansion. Cutbacks and less investments on buildings, or machinery will lead to contraction.
Politics: The main driver is politicians. The action of trying to get reelected, politicians will try their best to keep the economy in its best shape in order to get the votes. The months between getting reelected or elected it is possible that the politicians will pass bills and increase the economy and therefore expansion. The months after being reelected bills will most likely be cut and the politicians efforts to keep up the economy will go down, so the economy will move towards contraction.
Innovation: The main driver are companies. The action of developing new innovations and companies trying to copy the innovator. Companies will invest heavily and so the economy will go in expansion. Investments tend to decrease overtime so the economy slows down and contracts.
Supply Shocks: Wars and natural disasters are the main driving factors. A drastic decrease or increase in supply caused by wars or natural disasters such as population and resources. A increase of supply due to a good year of whether and harvest might boost of the economy into expansion. A decrease or cutback on oil production due to disagreements between countries, will severely bring the economy into contraction.

]]> 2021-12-06 18:50:26 UTC https://padlet.com/147004134/h0j6bb9959tsdk9f/wish/1931907646 147004134 https://padlet.com/147004134/h0j6bb9959tsdk9f/wish/1931909440 I think politics plays one of the huge roles in the economy because it contributes heavily to other factors such as government spending, wars, and money supply. They decide what bills to pass, they decide who they agree with and who they disagree with, all the decisions that politicians make often make an impact in what our life as citizens look like and therefore an impact on the economy and the future of it.]]> 2021-12-06 18:51:14 UTC https://padlet.com/147004134/h0j6bb9959tsdk9f/wish/1931909440