Homework answers / question archive / 1)The business cycle a

1)The business cycle a

Economics

Share With

1)The business cycle a. What are the phases of the 'business cycle”? Draw a sketch of a business cycle (just like a sine wave, do not worry about the detail) showing these phases. What happens to output, investment and employment in the two main phases of the cycle? b. Relate your analysis in Q7 to you business cycle sketch. Which part of the cycle do the short- run effects of Q7b constitute? And the long-run adjustment of Q7c? c. Using material available on the internet, list all recessions in Australia since the World War II. Were they all of the same duration? Was each business cycle of the same duration?

2)Elements of a pro-poor development strategy would contain all of the following EXCEPT: Select one: O a. designing social safety nets for vulnerable groups. b. population growth through free access to all forms of birth control. c. encouraging rapid economic growth. d. improving basic health and education.

3)Suppose the saving rate of a low-income country is given. If, following a major trade liberalization reform, domestic production become less capital intensive, the ICOR will and the growth rate will Select one: a. decrease, decrease. b. decrease, increase. c. increase, increase. d. increase, decrease.

4)In health statistics, 'morbidity' refers to the: Select one: a. incidence of disease. b. incidence of unnatural death due to accidents, crime, and war. c. incidence of mental health problems. d. fraction of deaths caused by preventable disease.