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A reduction in consumer demand resulting from inflation.
What else can I help you with?
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 comes after a period of a recovery in a business cycle?
A boom.
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 is a boom in a business?
A boom is a period of rapid economic growth, prosperity.
True or false a expansion of the economy always follows a peak or boom?
The simple answer to this questions is False. In economics you learn the ideal of a business cycle, which is the layout for economic cycles. The cycle represents a wave in a visual representation. A peak or boom is the point at which the GDP is maximized; this is then followed by a recession where the GDP is in decline. To follow the recession you have a trough cycle, which is the point where GDP is minimized. To follow the trough you have a recovery cycle where the GDP is in incline to the point of the peak or boom. So to answer the question in an economic business cycle term an expansion follows a trough in the economy and actually leads to a peak or boom.
Which of these describes an economic boom period in the business cycle?
An economic boom, also known as an expansion, is characterized by rapid economic growth, low unemployment, increased consumer spending, and rising business profits. During a boom, the economy experiences a surge in productivity and output, leading to higher incomes and overall prosperity. It's the peak phase of the business cycle before it potentially transitions into a recession.
What did economists call periods of boom and bust?
the business cycle
Which of the following leads to the end of a boom period in the business cycle?
a reduction in consumer demand resulting from inflation
What are the four steps to a business cycle?
four phrases of buisness cycle recession,recovery,expension,boom
