Exam 41: How to Measure Instability

Explain how to measure the path of any economic series over the cycle. -Name one economic series that rises in every expansion and falls in every contraction. Explain this behavior.

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Question 21

Wesley Mitchell divided the business cycle into 9 stages. Mitchell called the lowest stages of the cycle

(Multiple Choice)

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Question 22

Wesley Mitchell coined the concept of a cycle relative. What is a cycle relative?

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Question 23

Whats defention of terms: -Amplitude

(Short Answer)

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Question 24

Whats defention of terms: -cycle relative

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Question 25

Explain how to find the peaks and troughs of the business cycle. -How are the peaks and troughs of the business cycle measured?

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Question 26

Showing 21 - 26 of 26

Exam 41: How to Measure Instability

Explain how to measure the path of any economic series over the cycle. -Name one economic series that rises in every expansion and falls in every contraction. Explain this behavior.

Wesley Mitchell divided the business cycle into 9 stages. Mitchell called the lowest stages of the cycle

Wesley Mitchell coined the concept of a cycle relative. What is a cycle relative?

Whats defention of terms: -Amplitude

Whats defention of terms: -cycle relative

Explain how to find the peaks and troughs of the business cycle. -How are the peaks and troughs of the business cycle measured?

Prehistoric Communal Institutions in the Middle East

Communal Equality to Slavery in the Middle East

Slavery to Feudalism in Western Europe

Feudalism and Paternalism in England

Feudalism to Capitalism in England

Mercantilism in England

Pre-Capitalism to Industrial Capitalism in the United States 1776-1865

Classical Liberalism Defense of Industrial Capitalism

Socialist Protest Against Industrial Capitalism

Marx Critique and Alternative to Capitalism

Rise of Corporate Capitalism in the United States, 1865-1900

Neoclassical Economics Defense of Corporate Capitalism

Veblen Critique of Corporate Capitalism

Growth and Depression in the United States, 1900-1940

Keynesian Economics and the Great Depression

The United States and Global Capitalism, 1940-2006

Robinson Crusoe Two Perspectives on Microeconomics

The Two Americas Inequality, Class, and Conflict

Inequality, Exploitation, and Economic Institutions

Prices, Profits, and Exploitation

Market Power and Global Corporations

Economics of Racial and Gender Discrimination

Environmental Devastation

Government and Inequality

Economic Democracy

Scarcity and Choice Neoclassical View

Simple Analytics of Supply and Demand

Consumption Theory: Demand

Production Theory Supply

Costs of Production

Work and Wages Neoclassical View of Income Distribution

Prices and Profits in Perfect Competition

Monopoly, Power, Prices, and Profits

Monopolistic Competition and Oligopoly

Market Failures Public Goods, Market Power, and Externalities

History of Business Cycles and Human Misery

National Income Accounting How to Map the Circulation of Money and Goods

Money and Profit Says Law and Institutionalist Criticism

Neoclassical View of Aggregate Supply and Demand

Keynesian View of Aggregate Supply and Demand

Consumer Spending and Labor Income

Investment Spending and Profit

The Multiplier

Business Cycles and Unemployment

Growth and Waste

Fiscal Policy

Government Spending and Taxes

Money, Banking, and Credit

Inflation

Monetary Policy

Exports and Imports

International Trade, Investment, and Finance How Instability Spreads Around the World

Debate on Globalization

Debate on Free Trade

Development

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