ECONOMICS
BUSINESS CYCLES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Labor force
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National defense
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Out of date products
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Personal incomes and consumer attitudes
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Detailed explanation-1: -The option is true as stagflation is not a part of the business cycle.
Detailed explanation-2: -In the business sector, leading indicators reflect shifts in the business cycle or the onset of a business cycle. Examples of leading indicators include consumer expectations, average weekly work hours in manufacturing, factory orders for goods, and stock prices.
Detailed explanation-3: -The business cycle goes through four major phases: expansion, peak, contraction, and trough. All economies go through this cycle, though the length and intensity of each phase varies.
Detailed explanation-4: -An economic cycle, which is also referred to as a business cycle, has four stages: expansion, peak, contraction, and trough. The average economic cycle in the U.S. has lasted roughly five and a half years since 1950, although these cycles can vary in length.