1✔ 2345
123✔ 45
12✔ 345
1234✔ 5
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 owner should advertise a sale and sell as many shoes as possible before the recession causes prices and demand to fall. The owner should also plan for lower demand and consider ways to keep workers employed.
What did you include in your response? Check all that apply.
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