Question and answer
What is a business cycle? a) a dangerous time for all businesses b) the amount of time it takes businesses to produce its products. c) a period of increased economic growth d) a period of economic growth followed by economic contraction
A business cycle is a period of economic growth followed by economic contraction.
Expert answered|IfNotSo|Points 5637|
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Asked 11/12/2010 9:23:03 AM
Updated 3/28/2017 1:28:12 PM
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This answer has been confirmed as correct and helpful.
Edited by yumdrea [3/28/2017 1:28:08 PM], Confirmed by yumdrea [3/28/2017 1:28:12 PM]
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which of the following is not a situation involving external shock? a) consumers reduce spending because they fear that their nation is going to war. b) consumers use more gasoline because of lower prices due to the discovery of large deposits of oil. c) consumers reduce spending on expensive goods because the country has gone to war. d) consumers pay high prices for corn becasue of a severe drought.
Weegy: b) consumers use more gasoline because of lower prices due to the discovery of large deposits of oil. User: what is a steady, long-term increase in real GDP referred to as? a) recession b) peak c) economic growth d) depression (More)
Question
Expert Answered
Updated 8/25/2021 2:15:23 PM
1 Answer/Comment
Economic growth is a steady, long-term increase in real GDP.

Added 8/25/2021 2:15:23 PM
This answer has been confirmed as correct and helpful.
what is the difference between a recession and a depression? a) unlike a recession, depression includes high levels of inflation. b) a recession is a period of economic growth while a depression is a period of economic contraction. c) a recession is more severe than a depression and lasts longer. d) a depression is a particularly deep resession with high levels of unemployment.
Weegy: The answer is D. a depression is a particularly deep resession with high levels of unemployment. Reference: (More)
Question
Expert Answered
Updated 1/17/2023 12:23:29 AM
1 Answer/Comment
Depression is a particularly deep resession with high levels of unemployment is the difference between a recession and a depression.
Added 1/17/2023 12:23:24 AM
This answer has been confirmed as correct and helpful.
Which of the following is an example of a nondurable good? a) a paperback book b) a used car c) a washing machine d) a new car
Weegy: A paperback book is an example of a nondurable good. (More)
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Updated 8/15/2019 9:18:36 AM
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