1. Show the difference between business expansion,recession and recovery after the recession. In each stage, show the effect of business cycle with unemloyment and inflation.

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Retselisitsoe PokothoaneLv10

28 Sep 2019

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What is the general relationship between the business cycle and unemployment and inflation?

A. During a recession, unemployment and inflation increase.

B. During an expansion, unemployment and inflation increase.

C. During an expansion, unemployment falls and inflation increases.

D. During a recession, unemployment and inflation decrease.

ambertiger96

A business cycle is the period of time in which:

1. the price level varies with real GDP.
2. a business is established and ceases operations.
3. there are four phases: peak, recession, trough, and recovery.
4. expansion and contraction of economic activity are equal.
5. none of these are true.

coralleopard200

The 2001 recession in the United States began in March 2001 and lasted until November 2001. In contrast to the typical business cycle in the United States, the recovery following the 2001 recession is viewed as a "jobless recovery."

(a) Briefly define the terms recession and recovery. Finally, why was the 2001 recovery in the United States viewed as a "jobless" recovery? Supplement your discussion with the data on employment and payrolls during the 2001 Recession and accompanying recovery.

(b) A number of economists have suggested that the nature of the business cycle in the United States may be changing. That is, "jobless recoveries" are not going to be unusual anymore -- the nature of the business cycle in the modern, technology-driven economy is different now than other times.

Using a rigorous model of production and labor market behavior, formally demonstrate how productivity could lead to a recovery that occurs without an increase in employment. In fact, it may also be associated with higher unemployment rates. Use detailed graphical analysis.

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1. Show the difference between business expansion,recession and recovery after the recession. In each stage, show the effect of business cycle with unemloyment and inflation.

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