What decisions does the business cycle help businesses make?
answer
- whether to grow or shrink the business
- whether to increase or decrease production
- whether to hire or lay off workers
- whether to invest or save money
question
The exchange of factors of production for income occurs in the ?
answer
factor market
question
What is the name of the period when an economy begins to shrink?
answer
recession
question
Does a depression always follow a recession?
answer
No, a depression is indicated when the recession is exceptionally long.
question
What are the signs of low inflation?
answer
- Demand steadily rises.
- Prices continue to increase.
- The economy grows in a healthy way.
question
Cost-push inflation occurs when
answer
producers need more money to make and distribute goods.
question
The most common measure of inflation is a statistic called the ?
answer
consumer price index
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