Respuesta :
Answer:
The four stages of the business cycle are: expansion, peak, contraction, and trough
Explanation:
Expansion: At this stage a recovery of the economy begins. A normal increase is seen in the employment rate and in the prices of the products due to a increase in purchasing power.
Peak: It is the maximum and best point of the economy. The unemployment rate is usually the lowest in recent times and prices and industry are at their maximum
Contraction: The economic curve begins to decline. It begins to perceive low in the indicators of production, trade and employment among others.
Trough: The worst moment of the economy. There is a high level of unemployment, people have no money, production is at its lowest level.
The seasonal variations and long-run trends complicate the measure of the business cycle since they don't show the current state of the economy, but are a result of a series of specific events or of a particular season of the year.
Non-durable consumer goods are less affected because many of them are consider basic goods and are purchased regardless of the stage of the economic cycle in which they are. The demand for capital and durable goods on the contrary, varies depending on the stage of the economic cycle.
Answer:
As explained below.
Explanation:
- The four cycles of the business cycles are the peak, recession, and recession, and the expansion and their length vary with the time and patterns of flow.
- The seasonal variation in the cycle accompanied by the long terms trends also complicates the business cycle as the people are not [prepared to shift in the cycles they are expected.
- This cycle also affects the output and the employment in terms of the capital goods along with the industries that produce the consumer's durables as the quality and quantity of the goods will decline but not as the purchase of the capital goods and consumer durables.
