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- Employment is at its peak.
- prices are very high.
- purchasing power is also very high.
- Aggregate demand in the economy is also very high.
- Output which is production is also at its peak.
- Consumption of consumer goods as well as capital goods is at its top.
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Put the phases of the business cycle in the correct order in which they follow a boom?
depression recovery boom recession Final phase
What is the boom period?
The Boom Period is a part of the business cycle where there is a continuous growth in the economy.
What period comes after a period of recovery in a business cycle?
A boom.
What was the characteristics of economic panics in the early 1800's?
The boom-and-bust cycle of capitalism.
What are the four steps to a business cycle?
four phrases of buisness cycle recession,recovery,expension,boom
Put the phases of the business cycle in the correct order in which they following a boom?
depression recovery boom recession Final phase
Put the phases of the business cycle in the correct order in which they follow a boom?
depression recovery boom recession Final phase
In business cycle what is a boom?
business is good
A In a business cycle what is a boom?
business is good
The business cycle goes from boom to recession to and back to boom.?
Depression.
What comes after a period of a recovery in a business cycle?
A boom.
What is the boom period?
The Boom Period is a part of the business cycle where there is a continuous growth in the economy.
Definitions of each phase of the business cycle?
The four phases of business cycle are :1.Boom. 2.Recession. 3.Depression. 4 Recovery. Major indicators :GDP and unemployment . Boom has full employment .Recession begins with job losses. Depression experiences high unemplyment . Recovery starts generating employment .
What did economists call periods of boom and bust?
the business cycle
What period comes after a period of recovery in a business cycle?
A boom.
What was the characteristics of economic panics in the early 1800's?
The boom-and-bust cycle of capitalism.
What are the four steps to a business cycle?
four phrases of buisness cycle recession,recovery,expension,boom
