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What is it called when business activity slows prices and wages drop and unemployment rises?
Wiki User
∙ 11y ago
the business cycle
Wiki User
∙ 11y ago
Anonymous
Depression
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Period when business activity slows and prices and wages fall?
A depression is a temporary slowdown characterized by reduced purchasing power, massive unemployment, excess of supply over demand resulting in falling prices, and a lack of confidence in the future. Depressions are also sometimes known as "slumps". Major depressions can last for years.
When rising prices occur simultaneously with high unemployment it is called?
Funnily enough, it's called stagflation...
What are causes of the economic meltdown in Nigeria?
Broadly defined, a recession is a downturn in a nation's economic activity. The consequences typically include increased unemployment, decreased consumer and business spending, and declining stock prices. For a full discussion on how it affects Nigeria, see the Related Link below.
What is it called when money loses its value and business raise prices?
inflation
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.
Period when business activity slows and prices and wages fall?
A depression is a temporary slowdown characterized by reduced purchasing power, massive unemployment, excess of supply over demand resulting in falling prices, and a lack of confidence in the future. Depressions are also sometimes known as "slumps". Major depressions can last for years.
When rising prices occur simultaneously with high unemployment it is called?
Funnily enough, it's called stagflation...
What are causes of the economic meltdown in Nigeria?
Broadly defined, a recession is a downturn in a nation's economic activity. The consequences typically include increased unemployment, decreased consumer and business spending, and declining stock prices. For a full discussion on how it affects Nigeria, see the Related Link below.
What is it called when money loses its value and business raise prices?
inflation
What social concerns are economists concerned with?
They attempt to explain social concerns such as unemployment, inflation, economic growth, business cycles, tax policy, or farm prices.
Which of these are characteristics of a recession?
falling stock prices and increased unemployment
Which events led to stagflation in the 1970?
A combination of high oil prices, high unemployment, high interest rates and a resulting sharp drop in ecomomic activity and consumer spending.
What are the Four phases of business cycle in economic. easy words?
A business cycle consists of four unique components, each reflecting differing levels of economic activity and the subsequent circumstances occurring during each respective stage. An expansion is where the economy is experiencing positive and increasing economic output. Employment tends to increase (unemployment falls) and there is upward pressure placed on prices (inflation rises) as output rises. A peak is reached when the economy has produced the greatest amount of output. At this point employment is generally at or near its highest level (unemployment is at its lowest level: usually below the full employment rate of approximately 5%) and prices tend to rise more rapidly (inflation accelerates). Following the peak is a recession, or contraction. During this phase output actually decreases (the rate of growth becomes negative); unemployment begins to rise and the inflationary pressure on prices fades In America, due to government involvement, prices usually don't fall, but the rate of inflation decreases). The low point of the cycle occurs next. This is known as a trough and unemployment tends to be at its peak and production at it low point. There is very little upward pressure on prices and in some cases there is downward pressure on prices (deflation). The business cycle is identified and marked by the National Bureau of Economic Research (NEBR), an independent economic "think tank".
Phases of trade cycle?
Characteristics of Business Cycle: The fluctuations are wave like movement and are recurrent in nature. Business Cycle is characterized by waves of expansion and contraction. But these are not only two phases of business cycle. There are four phase of business cycle - Expansion, Recession, Contraction and Revival or Recovery. The movement from peak to trough and again though to peak is not symmetrical. According to Keynes, prosperity phase of business cycle comes to end fast but dip is gradual and slow. Business Cycle is self generating. Every phase has germs of the next phase, that is, expansion has the germs of the recession in it. In this chapter we learnt about business cycle and its characters and definition. However, we already have studied about marginal efficiency of capital and investment in business by this blog. Business cycles are everything which determines your business objectives.
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.
What is the likely result of deflation a. economic growth b. high unemployment c. rising prices d. high tax rates?
b. high unemployment
Is rise of fuel prices an economic activity?
YES.
