Analysis of a business cycle
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Assessment 4: Analysis of the Business Cycle. Go to the web site of the Bureau of Labor Statistics at http://www.bls.gov/ and the Bureau of Economic Analysis (National Economic Accounts) at http://www.bea.gov/national/ or any other data source and collect the most recent 6 months of data on real GDP growth, inflation, and unemployment. Based on this information, write a 3-4 page analysis (double-spaced in A.P.A. format, with a font size of 12 Times New Roman), of where the economy currently is in the business cycle and the implications for a Monopolistically Competitive firm in terms of prospects for higher sales and labor costs. Support your conclusions with data from the BLS. All references must be carefully cited (Wikipedia not allowed as reference sources Please!!) The main objective of this exercise is to get you thinking about the two-edged nature of many economic phenomena so as to present a "balanced" perspective .
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Solution Summary
A sample 3 to 4 page paper on how to determine where we are in the business cycle. It includes a definition of business cycles as well as an analysis of 2009 data on unemployment, GDP and inflation, with references.
Solution Preview
This is a custom made sample of what you do when you get these questions. All data are real. I am not used to APA format and you might want to ask your instructor how to cite data that comes from non-titled documents in websites (they are not databases per se). You should follow the links to be able to see the reasoning in this essay. You can copy and paste this ad it should be a bit less than 3 pages double spaced. The references should be their own page and they are a fourth page.
The Business Cycle in 2009
According to Belongia, "Although business cycles historically have differed in their duration and intensity, they are all generally characterized by a decline and contraction and a subsequent rise and expansion of aggregate economic activity, as measured by total employment, output, real income, and real expenditures." (p. xii) This implies that we can determine where the United States economy is in the business cycle by using data on GDP growth, unemployment and inflation. The first shows us the expansion and contraction of the economy. The unemployment rate also follows a pattern where a decrease in unemployment signals an increase in economic activity and an increase in unemployment signals a decrease in economic activity. Finally, the inflation rate tends follows a business cycle pattern that is the exact ...
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