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What are the two main phases of a business cycle?
contraction and expansion.
How does depression impact the business cycle?
Depression can negatively impact the business cycle by reducing consumer spending, leading to decreased demand for goods and services. This can result in lower production levels, job losses, and overall economic downturn.
What part of the business cycle contributes to a depression?
Consumers begin buying more and companies increase production
Did people like the Great Depression?
That's why it is called "the depression," because it was the biggest time of great financial hardship in the recent past. "The Great Depression" and "The Depression" are the same thing. Although, some people talk about us entering "a depression" sometimes, and they are talking about the economy now, not back then.
Why was there a Great Depression?
The devastation it had not only on our country but on the other countries around the world. The bottom fell out of the stock market; people that were financially solvent one day - literally the next day were penniless. People lost their homes, farms, businesses. People were put out onto the street.
What are the components of business cycle?
The components of the business cycle is Prosperity, Recession, and depression.
Why did the great crash represent hallmark in the us business cycle?
The Great Crash signaled a severe contraction of the economy.
Why did President Hoover responded cautiously to the Great Depression?
He thought the business cycle would correct itself.
How did government economic policies during the 1920s lead to the Great Depression?
Government Economic policies did not lead to the great Depression. The Great Depression started out as a normal recession as part of a business cycle. However, bad government policies (e.g. protectionism) has worsened the recession and turned it into what we now know as the Great Depression.
How did government economic policies during the 1920 lead to the great depression?
Government Economic policies did not lead to the great Depression. The Great Depression started out as a normal recession as part of a business cycle. However, bad government policies (e.g. protectionism) has worsened the recession and turned it into what we now know as the Great Depression.
In what phase of the business cycle would there be more personal bankruptcies?
depression
The business cycle goes from boom to recession to and back to boom.?
Depression.
What is it called when business activity slows prices and wages drop and unemployment rises?
the business cycle
What are the two main phases of a business cycle?
contraction and expansion.
How does depression impact the business cycle?
Depression can negatively impact the business cycle by reducing consumer spending, leading to decreased demand for goods and services. This can result in lower production levels, job losses, and overall economic downturn.
President Hoover responded cautiously to the great depression because he?
Failed to provide direct relief for the neediest persons.
The business cycle goes from boom to recession to?
A recurring cycle of booms and busts, recoveries and recessions ere...
