The economic cycles consist on different periods, from booms to recessions or slumps. During booms production tends to increase, firms tend to further invest to meet the increasing demand, they even invest in labor force, which constitutes part of the capital of any company. However, the economy reaches a point in which demand outpaces production, and as they have all resources working at full capacity, they tend to raise prices seeking to reduce that demand. As people cannot afford good and services, firms stop investing and as a result production falls, so that they do not need their employees, so unemployment rate rises as a result of dismissals. This is known as recession or contraction of the economy. To sum up, the graphs should depict an increase in unemployment rates when prices are high, and a low unemployment rate when prices are low.
It refers to the arrival and settlement of white people
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Answer:
The Stamp Act of 1765 was the first internal tax levied directly on American colonists by the British Parliament. The issues of taxation and representation raised by the Stamp Act strained relations with the colonies to the point that, 10 years later, the colonists rose in armed rebellion against the British.
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Timeline is the type of chronology in this example
Answer:
In January 1801, Benedict Arnold's health began to decline. He had suffered from gout since 1775, and the condition attacked his unwounded leg to the point where he was unable to go to sea.
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