Define each of the following terms: (a) Contraction; (b) Business cycle; (c) Trough; (d) Disposable income; (e)
Question:
(a) Contraction;
(b) Business cycle;
(c) Trough;
(d) Disposable income;
(e) Net domestic product.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (15 reviews)
a Contraction refers to the decline in Real GDP that occurs after the economy has peaked ...View the full answer
Answered By
Salmon ouma
I am a graduate of Maseno University, I graduated with a second class honors upper division in Business administration. I have assisted many students with their academic work during my years of tutoring. That has helped me build my experience as an academic writer. I am happy to tell you that many students have benefited from my work as a writer since my work is perfect, precise, and always submitted in due time. I am able to work under very minimal or no supervision at all and be able to beat deadlines.
I have high knowledge of essay writing skills. I am also well conversant with formatting styles such as Harvard, APA, MLA, and Chicago. All that combined with my knowledge in methods of data analysis such as regression analysis, hypothesis analysis, inductive approach, and deductive approach have enabled me to assist several college and university students across the world with their academic work such as essays, thesis writing, term paper, research project, and dissertation. I have managed to help students get their work done in good time due to my dedication to writing.
5.00+
4+ Reviews
16+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
Define each of the following terms: product item, product line, product mix, and product mix consistency. How do these relate to a small companys product strategy options?
-
Define each of the following terms and describe the differences between them: Global Reporting Initiative Integrated reporting approach AA 1000 standards.
-
Define each of the following terms: variable cost, fixed cost, step cost, and mixed cost. Give an example of each.
-
You are performing the audit for Premium Pet Care Pty Ltd (PP), which operates a luxury boarding kennel and daycare facility for dogs and cats. PP bill their customers after their pet's stay, with...
-
PepsiCo produces snack foods such as Fritos and Lay's potato chips, as well as beverages such as Pepsi and Mug Root Beer. The company had the following condensed trial balance as of September 3,...
-
A continuous foundation on a deposit of sand layer is shown in Figure P9.10 along with the variation of the cone penetration resistance q c . Assuming = 18 kN/m 3 and creep is at the end of ten...
-
The scaled test scores for the New York State Grade 4 Common Core Mathematics Test are normally distributed. The normal curve shown below represents this distribution. What is the mean test score?...
-
One item is omitted in each of the following recent year summaries of balance sheet and income statement data (in millions) for Google and Verizon Communications as of December 31, Year 1 and Year 2....
-
The following table contains financial information for Dillon Incorporated before closing entries: Cash Supplies $ 12,000 4,500 Prepaid Rent 2,000 Salaries Expense 4,500 Equipment 65,000 Service...
-
How do the fares for airlines that directly compete compare? The file Airlines contains roundtrip fares for nonstop travel from Philadelphia to 10 different U.S. destinations on Southwest Airlines...
-
What is the difference between a recovery and an expansion?
-
Net exports are $114 billion and exports are $857 billion. What are imports?
-
Approximately what does the box portion of a boxplot display? A. The middle quarter of the data B. The middle half of the data C. The lower quarter of the data D. The upper quarter of the data
-
Read the following and answer the questions below. On 1 January 2015 the Happy Haddock Angling Club had the following assets: During the year to 31 December 2015 the Club received and paid the...
-
Use the periodogram algorithm to estimate the PSD of a length- \(L\) white-noise sequence generated by the MATLAB command randn. Average your results for \(N\) realizations of the white noise and...
-
Use the covariance method to estimate the PSD of \(L=1024\) samples for the following signal: \[x(n)=\cos \frac{2 \pi}{L} n+x_{1}(n)\] where \[x_{1}(n)=a x_{1}(n-1)+x_{2}(n),\] with \(x_{2}(n)\)...
-
Draw a diagram that summarizes the online buying process and actions that can be taken at each stage to help move the customer through the process.
-
Ransom University, a government university, had no endowments prior to September 1, 20X7. The following transactions took place during the fiscal year ended August 31, 20X8: 1. At the beginning of...
-
Dan Bumblauskas is the owner of a small Iowa company that produces electric knives used to cut fabric. The annual demand is for 8,000 knives, and Dan produces the knives in batches. On average, Dan...
-
How do individual companies respond to economic forces throughout the globe? One way to explore this is to see how well rates of return for stock of individual companies can be explained by stock...
-
Consider the following cash flow: Year Cash Flow o..........................-$1000 1....................................0 2.............................+300 3.............................+300...
-
What sum of money now is equivalent to $8250 two years hence, if interest is 4% per 6-month period?
-
A sum of money invested at 2% per 6-month period (semiannually), will double in amount in approximately how many years?
-
Martin Company applies manufacturing overhead based on direct labor hours. Information concerning manufacturing overhead and labor for the year is as follows: Actual manufacturing overhead Estimated...
-
$ 719,000 280,000 439,000 150,400 Joyner Company's income statement for Year 2 follows: Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Nonoperating...
-
FIFO and LIFO costs under perpetual inventory system The following units of an item were available for sale during the year: Beginning inventory 22 units at $44 Sale 18 units at $62 First purchase 18...
Study smarter with the SolutionInn App