How does the business cycle affect consumers? Check all that apply.
What did you include in your response? Check all that apply.
Which point marks a peak?
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At which point of the business cycle would prices probably be highest?
Examine this graph representing US unemployment rates. Which of these years might economists consider a trough?
A family is trying to sell their home at point 2 on the graph.How might this affect the sale of their home? Check all that apply.
How does the business cycle affect consumers? Check all that apply.It can be harder to find a job during an economic depression.Prices on food and clothing will tend to decrease during an expansion.People tend to make more money during an expansion.It can be easier to find a job during an economic depression.Prices on gas and food will tend to increase during an expansion.
At which point of the business cycle would prices probably be highest?
Examine this graph representing US unemployment rates. Which of these years might economists consider a trough?
A family is trying to sell their home at point 2 on the graph.How might this affect the sale of their home? Check all that apply.
Imagine a shoe store has a large number of shoes in its warehouse. The store owner believes the economy has peaked and a recession is coming soon.If this is true, what should the store owner do?
The store owner should try to sell as many shoes as possible before the recession begins and prices drop. They could do this by having a sale. By selling current inventory now, they can gain cash to help the business survive lower demand during the recession. When the economy hits its lowest point (the trough), the owner could use that cash to expand the business at a lower cost. The owner must also plan for a decrease in consumer spending and demand.
Which point marks a peak? Which point marks a trough? Which point marks a recession? Which point marks a recovery?
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123✔ 45
12✔ 345
1234✔ 5
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