A business cycle refers to the wavelike pattern of rising and falling of economic activity consisting of expansions, peaks, contractions and troughs.
<h3>What is an
business cycle?</h3>
It refers to the periodic cycle of an irregular up & down movements in economic activity that is measured by fluctuations in real GDP and other macroeconomic variables.
It is further divided into component from the booming period to recession period and this is consisting of expansions, peaks, contractions and troughs.
Read more about business cycle
brainly.com/question/26086110
#SPJ1
The answer is psychological.
In the given scenario, Ed has an almost-new economy car, but he wants a Ford Mustang because he thinks it would be exciting to own one.
Since Ed already has a car that works, he does not have a functional need for a car.
Therefore, a choice to purchase a sports car would represent a psychological need.
This shows perhaps the car makes him feel cool or adventurous.
So, this demonstrates that he will be fulfilling his mind. Consequently, fulfilling his psychological need.
Hence, If he decides to purchase a sports car such as the Mustang, he will be primarily fulfilling a psychological need.
Learn more about Psychology:
brainly.com/question/12011520
#SPJ4
Answer:
A. AD curve shifts rightward, increasing real GDP and raising the price level.
Explanation:
Federal funds rate can be defined as the interest rates bank charge other banks on loans of reserves and it is a monetary policy instrument.
If the Fed lowers the federal funds rate, eventually the Aggregate Demand (AD) curve shifts rightward, increasing real Gross Domestic Products (GDP) and raising the price level.
However, raising the federal funds rate, eventually causes the
Aggregate Demand (AD) curve to shift leftward and real Gross Domestic Products (GDP) decreases.
Answer:
Tell them what you stand for and what you have done. Tell them what you want to do.
Explanation:
Asking the elementary students how big their family size is should give a fairly good picture of how many people live under the same roof for their family. Since it is for elementary students chances are that most of the child's siblings would still be at home, though some could be college age and not live at home anymore. Also, though with the high divorce rate that has been evident at least in the 80's and 90's in North America, some members of the family ie fathers or mothers and some siblings may live in another household.
