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What does GDP tell economists about business cycles?
economists follow the country's GDP and other key statistics to predict business cycles.
3 What does GDP tell economists about business cycles?
Economists follow the country's GDP and other key statistics to predict business cycles
What do most economists believe about the future of the business cycles?
Most economists believe the future of business cycles will continue to ebb and flow. They believe business cycles will continue to drive the economy.
What did economists call periods of boom and bust?
the business cycle
What methods do economists use to predict business cycle?
SPENDING
Which statistic do economists use to measure the business cycle?
price indicator
What do economists call the situation where a hired manager does not have the same interests as the owners of the business?
Greedy
What areas do business economists work in?
Business economists work in such areas as manufacturing, mining, transportation, communications, banking, insurance, retailing, private industry, securities and investment firms, management consulting firms, and economic and market research firms,
What do theoretical economists study?
Theoretical economists, employing mathematical models, develop theories to examine major economic phenomena, such as the causes of business cycles or inflation or the effects of unemployment, energy prices, or tax laws.
How do economist use math?
Economists use math to calculate statistics in sales and business profits. Economists also use math to predict trends in supply and demand.
What do economists call the next best alternative?
Economists call opportunity cost the next best alternative that has been given up. This is the cost of forgoing something and picking an alternative like using college fees to start a business.
What is the possessive form of economists?
The possessive form of the plural noun economists is economists'.example: All of the economists' predictions are for improvement in the next quarter.
