Tuesday, April 22, 2014

April 22

Business Cycles Questions:

1.  What are the 4 phases to a business cycle? Draw a pictorial representation of a business cycle.
2.  What are the contributing factors to each phase regarding GDP?
3.  What is stagflation?  Why is it a problem when an economy experiences it?
4.  What are the 4 main economic variables that affect business cycles?
5.  How can interest rates push a business cycle into a contraction?
6.  How did the Great Depression affect economists’ beliefs about the macroeconomy?
7.  At what point of the business cycle would you want to be?  In 1-2 sentences explain your reasoning.


Unemployment Notes: http://prezi.com/3zgtoinox-mf/copy-of-eco-chapter-13-section-1/

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