All categories

3 years ago

A recession is a period of significant, widespread declines in:

Business

1 answer:

Harrizon [31]3 years ago

6 0

Answer:

Letter B. real income and employment.

Explanation:

Economic cycles describe the fluctuations that occur in income and employment in the economic system. This cycle may be one of expansion, a lasting movement of real income and employment growth, or it may be of recession, where the economic economy presents a significant and widespread decline in real income and employment. For example, the 2008 crisis has caused recession in many countries, leading to a fall in real income and employment.

You might be interested in

In April 2017, the working-age population of the United States was 254.6 million. The working-age population is divided into

nordsb [41]

population of the United States was 254.6 million. The working-age population is divided into those in the labor force (160.2 million) and those not in the labor force (94.4 million). The labor force is divided into the employed (153.2 million) and the unemployed (7.1 million). Those not in the labor force are divided into those not available for work (88.7 million) and those available for work (5.7 million). Finally, those available for work but not in the labor force are divided into discouraged workers (0.5 million) and those currently not working for other reasons (5.2 million).

Use this data to help determine which one of the following statements is true:

The unemployment rate is

7.1 million / 160.2 million×100=4.4%.

The labor force participation rate is

160.2 million /

254.6 million×100=62.9%.

N.B

Check the attachment for full question

Answer:

D. Both A and B are correct

Explanation:

The unemployment rate is 4.4%

That is unemployed/labour force = (7.1million/160.2 million ) * 100 = 4.4%

Labour force participation rate is 62.9%

That is: total labour force /total population = (160.2million/254.6million) * 100 = 62.9%

4 0

3 years ago

When decision makers seek out information that reaffirms their past choices and discount information that contradicts past judgm

lozanna [386]

Answer:

They are exhibiting confirmation bias

Explanation:

Confirmation bias occurs when a person discards information that does not validate his pre-existing beliefs, and only takes into account the information that does validate those same pre-existing beliefs.

If a decision maker only seeks out information that does not contradict their past judgments, they are exhibiting confimation bias because they are preventing their past judgments and views from being challenged.

3 0

3 years ago

Which payment option could have interest charged to you

kramer

Answer:

Loans, Credit cards

Explanation:

If you don't pay your credit card on time, they will charge you a late fee. If you take out a loan, they make you pay back the money you took out and a percent of that amount for interest.

6 0

3 years ago

If you invest $2,000 today for three years at 5% interest paid annually, you will earn a total of $______ in interest. Assume yo

Usimov [2.4K]

Answer:

Option (C) is correct.

Explanation:

Given that,

Amount invested today = $2,000

Interest paid annually(r) = 5%

Time period(n) = 3 years

$Future\ value=Present\ value\times(1+r)^{n}$

$Future\ value=2,000\times(1+0.05)^{3}$

$Future\ value=2,000\times(1.05)^{3}$

= $2,315.25

Therefore,

Total amount earn:

= Future value - Present value

= $2,315.25 - $2,000

= $315.25

8 0

3 years ago

The term that comprises organizational principles, values, and norms that may originate from individuals, organizational stateme

boyakko [2]

Answer: Business ethics

Explanation: Business ethics is that branch of ethics, which examines the problems that arise due to unethical behavior of employees within an organisation. Such a behavior can result into serious issues like insider trading or false whistle blowing etc.

Business ethics helps to form the guidance on value and norms that an employee should follow in the form of code of ethics.

8 0

3 years ago