Stage of the business cycle
What stage of the business cycle is our economy experiencing at present time? proof your answer.
Expert
There are many phases of a business cycle. Starting from a peak we go down into a recession to reach a trough. From this low point we have a recovery till the next peak is attained. US economy is currently in RECOVERY phase as it tries to increase GDL from the low point of 2009 financial meltdown. Unemployment is falling from its peak levels , inflation is stable and there are signs of improving consumer and business confidence.
In a graph of competitive market in equilibrium, the net surpluses producers and consumers enjoy generally equivalents the area among the: (i) Demand and supply curve however to the left of point of the market equilibrium. (ii) Horizontal axis and a 45°line origin
Government tax and transfer payments generally
Illustrate a point on consumption curve at which APC = 1. Answer: APC = C/Y = 1 is possible when C = Y, that is, Consumption is
In the figure shown below, line T1 depicts a tax system which is: (1) Regressive. (2) Progressive. (3) Proportional. (4) Unbiased. (5) Recessive.
State the Law of supply and explain the factors that affecting supply of commodity
Give some objective of government Budget. Answer: The objectives which are pursued by government via the budget are as follows: A) To attain economic growth. B) To decrease in equalities in income and wealth.
What are the components of aggregate demand (AD)? Answer: The components of AD are as follows:AD = C + I + G + (X - M) By Simplifying AD = C + I, Here C refers to Household consumption demand and I refer
Why the borrowings by Government are taken as capital receipts?
What happens when AD > AS past to full employment level of employment?
In calculating the GDP national income accountants:
18,76,764
1945938 Asked
3,689
Active Tutors
1415624
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!