All categories

1 year ago

Short-term fluctuations experienced in the economy due to changes in levels of economic activity describe the?

Business

1 answer:

TiliK225 [7]1 year ago

7 0

The business cycle graph demonstrates the short-term variations in the economy.

When real output declines for at least two quarters in a row, the economy is in a recession (real GDP). Depression is a long-lasting, severe recession.

Every country's economy has expansionary and contractionary eras. The levels of employment, productivity, as well as the overall demand and supply of the country's goods and services, all contribute to these shifts. The variations of the economy between times of expansion (growth) and contraction are referred to as the "economic cycle" (recession). The present stage of the economic cycle can be determined using variables like gross domestic product (GDP), interest rates, total employment, and consumer expenditure.

Learn more about business cycle hear:

brainly.com/question/14560717

#SPJ4

You might be interested in

The Poison Apple Diner had an average dinner cover charge of $8.75 during the month of September, when 3,000 atrons were served.

skelet666 [1.2K]

Answer:

0.583

Explanation:

Data provided in the question;

Average dinner charges = $8.75

Initial demand = 3,000 atrons

Increase in price = $0.50

Final demand = 2,900

Thus,

change in demand = 3,000 - 2,900 = 100

Now,

The price elasticity of demand = $\frac{\textup{Percentage change in demand}}{\textup{Percentage change in price}}$

also,

Percentage change in demand = $\frac{\textup{Change in demand}}{\textup{Initial demand}}\times100\%$

= $\frac{\textup{100}}{\textup{3000}}\times100\%$

= 3.33%

Percentage change in price = $\frac{\textup{Change in price}}{\textup{Initial price}}\times100\%$

= $\frac{\textup{0.50}}{\textup{8.75}}\times100\%$

= 5.714

thus,

The price elasticity of demand = $\frac{\textup{3.33}\%}{\textup{5.714}\%}$

= 0.583

3 0

4 years ago

Jimmer’s nominal income will go up by 10 percent next year. Inflation is expected to be – 2 percent next year. By approximately

kompoz [17]

Answer:

Nominal interest rate (n) = 10% = 0.10

Inflation rate (i) = -2% = -0.02

Real interest rate (r) = ?

Application of Fisher's Equation

(I + n) = (1 + r)(1 + i)

(1 + 0.10) = (1 + r)(1 + -0.02)

1.10 = (1 + r)(0.98)

<u>1.10</u> = 1 + r

0.98

1.1224 = 1 + r

1.1224 - 1 = r

r = 0.1224 = 12.24%

Jimmer's real income will change by 12.24% next year.

Explanation:

In the determination of the rate of change in real income, there is need to apply Fisher's equation. The nominal rate and inflation rate have been given, thus, we will make the real rate the subject of the formula.

3 0

3 years ago

During the middle years of last decade, the exchange rate of the U.S. dollar has declined against the currencies of its major tr

Aleks04 [339]

Answer:

Because there are other factors that influence the weakening or strengthening of the dollar, not just the dollar exchange rate in relation to the exchange rates of other countries' currencies.

Explanation:

Although the United States has registered increases in the trade deficit, that is, when the country imports more goods and services from abroad than it exports, there are other factors that determine whether the country's currency is valued or not. In the case of the dollar, its value has not decreased despite the fall in the exchange rate of the dollar in relation to the currencies of its main trading partners due to the fact that the dollar is the main reserve currency in the world, which means that the dollar is the fashion of commercial transaction in the world, therefore its value is not lost in relation to other currencies, since several important transactions in the world such as gold and oil commodities are traded in dollars.

There is also the fact that the US attracts a lot of international investment for US Treasury bills, which helps to strengthen the dollar.

6 0

3 years ago

In order to examine the potential success of its 1/3 pound Angus hamburger, McDonald's started offering and promoting the produc

maks197457 [2]

Answer: Test marketing

Explanation:

The test marketing is one of the concept that helps in explaining the various type of marketing and the business field concepts as it providing the various types of opportunities for testing the goods.

The man aim of the test marketing is that it evaluating the overall sales performance of an specific organization.

According to the given question, the McDonald's is start promoting and also offer the various types of products and examining the success this is known as the test marketing evaluation process.

Therefore, Test marketing is the correct answer.

8 0

3 years ago

Cost of Merchandise Sold Based on the following data, determine the cost of merchandise sold for July: Increase in estimated ret

Dvinal [7]

Answer:

$873,200

Explanation:

The computation of the cost of merchandise sold is shown below:

= Merchandise inventory, July 1 + Purchases - Purchases returns and allowances - Purchases discounts - Freight in - Merchandise inventory, July 31

= $49,300 + $985,500 - $33,500 - $19,700 - $13,800 - $94,600

= $873,200

We simply added the purchase amount and deduct all other items except Increase in estimated returns inventory to the opening balance of merchandise inventory

4 0

4 years ago