Describe the economic cycle. Give specific details and examples

Business

1 answer:

Vitek1552 [10]3 years ago

8 0

Answer:

Economic cycles are identified as having four distinct economic stages: expansion, peak, contraction, and trough.expansion.

Explanation:

An expansion is characterized by increasing employment and economic growth, and inflation rises. The peak is when the economy is producing at the maximum allowable output. Contraction Happens when growth slows, employment declines, and subsides. Trough economy has hit a rock bottom, so the next stage is

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I or 2 sentences describe the labor market

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Which of the following statements is true? Group of answer choices An explicit cost is an actual cost; an implicit cost is a the

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Answer:

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The tax consequences faced by Mr. and Mrs Alvarez for the sale of their home are as follows:

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Data and Calculations:

Cost of the home 30 years ago =$130,000

a. Realized capital loss = $5,000 ($130,000 - $125,000)

b. Realized capital gain =$320,000 ($450,000 - $130,000)

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Thus, Mr. and Mrs. Alvarez can also claim the full $500,000 exemptions to reduce their capital gain tax burdens in the three situations since they inhabited the home for more than two years. However, their exemptions are limited to the net gain.

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