12-2 by Grady Mix-157003320 https://padlet.com/157003320/ziz7fnbf8lxg49iz en-us 2021-12-06 21:24:48 UTC 2021-12-10 22:05:02 UTC hello@padlet.com What are the 5 phases of the business cycle? 157003320 https://padlet.com/157003320/ziz7fnbf8lxg49iz/wish/1932180935 1. Peak
2. Contraction
3. Trough
4. Recovery
5. Expansion ]]> 2021-12-06 21:27:05 UTC https://padlet.com/157003320/ziz7fnbf8lxg49iz/wish/1932180935 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? 157003320 https://padlet.com/157003320/ziz7fnbf8lxg49iz/wish/1932188707 Business cycles are measured by the growth rate of a real gross domestic product.]]> 2021-12-06 21:33:21 UTC https://padlet.com/157003320/ziz7fnbf8lxg49iz/wish/1932188707 Briefly define the characteristics of each of the 5 phases of the business cycle. 157003320 https://padlet.com/157003320/ziz7fnbf8lxg49iz/wish/1932199062 1. Peak = At the peak of a business cycle real GDP is a temporary high

2. Contraction = If real GDP decreases, the economy is said to be a contraction. 

3. Trough = The trough is the low point in the real GDP, just before it begins to turn up. 

4. Recovery = The recovery is the period when real GDP is rising; it begins at the trough and ends at the initial peak. 

5. Expansion = The expansion period includes increases in real GDP beyond the recovery. ]]> 2021-12-06 21:41:22 UTC https://padlet.com/157003320/ziz7fnbf8lxg49iz/wish/1932199062 Why might an economist say the US is "experiencing a recession"? What phase of the business cycle do they observe and for how long? 157003320 https://padlet.com/157003320/ziz7fnbf8lxg49iz/wish/1932213734 1. The US GDP growth is too low making the economy go into a recession.
2. The longest is trough which could take years to until it starts recovering. ]]> 2021-12-06 21:53:40 UTC https://padlet.com/157003320/ziz7fnbf8lxg49iz/wish/1932213734 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? 157003320 https://padlet.com/157003320/ziz7fnbf8lxg49iz/wish/1941138115 Bond yields are thought to be a good leading indicator of the stock market. New housing starts are also a leading indicator. The overall money supply is a more complex leading indicator. It shows that they are successful at leading the stock market.]]> 2021-12-10 21:49:50 UTC https://padlet.com/157003320/ziz7fnbf8lxg49iz/wish/1941138115 Answer the following 157003320 https://padlet.com/157003320/ziz7fnbf8lxg49iz/wish/1941146453 1. Who/what is the main driver of economic activity?
- The consumer is the main. 
2. What actions/decisions do these actors take that influence the performance of the economy?
- Whenever you buy something or use a service it creates demand that leads to job growth.
3. How might these actions/decisions lead to economic expansion?
- During this time consumer tend to spend more than they do at other times. Which ends up helping the economy sustain in expansion. 
4. How might these actions/decisions lead to economic contraction?
- High interest rates, bad management, orders are slowed, will all lead to economic contraction. ]]> 2021-12-10 21:59:45 UTC https://padlet.com/157003320/ziz7fnbf8lxg49iz/wish/1941146453 Which one of these possible causes do you think has the biggest impact in an economy? Why do you think that is? 157003320 https://padlet.com/157003320/ziz7fnbf8lxg49iz/wish/1941150181 Supply and demand are the biggest impact in economy because it is the most used and most fundamental thing in economy. ]]> 2021-12-10 22:04:50 UTC https://padlet.com/157003320/ziz7fnbf8lxg49iz/wish/1941150181