ECONOMICS
GDP
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
A massive hurricane hits the United States, wiping out all industry along the Atlantic Coast. The event sends the economy into a downward spiral. In this case, economists would say the business cycle was influenced by
|
|
business investment
|
|
|
interest rates and credit
|
|
|
consumer expectations
|
|
|
external shocks
|
Explanation:
Detailed explanation-1: -Answer and Explanation: Explanation: A trough in the business cycle means an economy is at the bottom of the business cycle and is starting to expand.
Detailed explanation-2: -A business cycle is a period of macroeconomic expansion followed by a period of contraction.
Detailed explanation-3: -Which of the following will most likely occur during the contractionary phase of a business cycle? The sales of most businesses decline, and the unemployment rate rises.
Detailed explanation-4: -A business cycle is a macroeconomic period of expansion followed by a period of contraction.
There is 1 question to complete.