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The Business Cycle and Built in stabilizers.
a. What can the business cycle tell you about the status of our
economy today and what we might experience over the next
12 months. (please provide detail)?
b. Given what you have learned about the U.S. Business cycle
over the past 60 years, please explain 3 ways you can use
that information to enhance your personal odds of
achieving future personal success. Please do not talk about
your financial portfolio or playing around with the stock
market.
c. Explain in some detail the 4 phases of the business cycle,
including the characteristics of each. Please don’t include
Depression as one of them. Be thorough! You should have
at least 4 characteristics for each phase! Include in your
discussion how each phase of the business cycle might
impact your life and what you should do to minimize the
negative impacts on your future.
d. Built–in Stability
1. Explain the difference between discretionary
and non–discretionary fiscal policy. Include in
your explanation the differences in the roles of
the three branches of government in each case.
2. Explain the key relationships that supports the
built–in stabilizer which were provided in the
slides and lecture. Business Cycle Microeconomics Assignment Help
3. Explain thoroughly how the built–in stabilizer
works to reduce inflation. Need to see the step
by step of what happens.
4. Explain thoroughly how the built–in stabilizer
works to reduce recession. Need to see the step
by step of what happens.
5. Explain why the presence of the built–in–
stabilizer is important to managing the macro
economy
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