Recession - Phases of business cycle
Describe about the term Boom in phases of business cycle.
Expert
Recession
While the economy reaches the peak- so than the course changes. A downward tendency within demand is observed although the producers who are not aware of this go on producing additionally. The supply currently exceeds demand. Currently the producers come to notice that their stock piling up. They are compelled to give up the future investment plans. The order for new components and raw materials are cancelled. There a business even cuts down its existing business. Employees are retrenched Capital goods producers who lose orders. But bankers insist on repayment. Stock builds up and Business failure raise investment ceases and unemployment leads to fall in expenditure, income, prices, industrial and profits as well as trade activities. Wish for liquidity increase all around producers are compelled to decrease price so that they can determine money to meet their obligations Consumers who expect an even further decline in prices postpone their consumption Stock goes upon piling up. Several firms are forced into bankruptcy. That failure of one firm affects other firm along with whom this has business connections.
There is a common distress. Such phase of the business cycle is termed as the Recession. This is the period of utmost -suffering for a business.
For a profit maximizing competitive firm operating within a competitive labor market, therefore the: (w) marginal resource cost of labor is the same to the wage rate. (x) supply of labor is perfectly inelastic. (y) production quota is
This supply of labor worker is roughly unitarily wage elastic as the wage rate increases from: (1) $5 per hour to $10 per hour. (2) $5 per hour to $25 per hour. (3) $10 per hour to $25 per hour. (4) $10 per hour to $40 per hour. (5) $25.01 per hour to
States the term Production?
Insistence by a potential employer which job applicants submit a résumé is an illustration of: (1) networking. (2) screening. (3) signaling. (4) bragging. (5) qualifying. Please choose the right answer from above...I
What are the types of price discrimination?
Illustrates the Barometric technique of Demand Forecasting?
Illustrates the responsibilities of managerial economists?
Disadvantaged groups have historically been pressured toward low wage jobs in a procedure termed as: (1) occupational crowding. (2) labor staggering. (3) systemic discrimination. (4) reverse favoritism. (5) nepotism. Q : Marginal Product of Labor Diminishing Diminishing returns to labor or questions of monitoring and coordination start to overwhelm any gains by specialization and division of labor within this graph at: (1) point a. (2) point b. (3) point c. (4) point d (5) point e.
Diminishing returns to labor or questions of monitoring and coordination start to overwhelm any gains by specialization and division of labor within this graph at: (1) point a. (2) point b. (3) point c. (4) point d (5) point e.
Illustrates the demand schedules important for law of demand? Answer: The perception of law of demand may be explained along with the demand schedules are as follow:
18,76,764
1958779 Asked
3,689
Active Tutors
1423885
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!