Measuring Economic Performance

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Presentation transcript:

Measuring Economic Performance Business Cycle Economic Problems Causes of the Business Cycle

Wednesday EQ: How do different levels of government stimulate economic activity? Same EQ, if you don’t have it, get it NOW! You had HW last night….did you do it? Today we will: Review HW Kahoot review Business cycle notes Short clip more Kahoot review

Kahoot https://create.kahoot.it/#quiz/83eaf86e-4271-40fd-a1bb-2e28d5a625bc

Manufacturing Labor Hours BUSINESS CYCLE Economic Indicators Consumer Price Index Consumer Confidence Money Supply Durable goods GDP New Businesses New Plants & Equipment Economic Indicators Total Inventories Unemployment Stock Prices Personal Income Delayed Deliveries Building Permits Manufacturing Labor Hours

https://www.youtube.com/watch?v=SYFYla1H7KE

Business Cycle Peak/Boom – economy operating at high level. High employment, etc…

Business Cycle Contraction – general decline in business activity.

Business Cycle Recovery/Expansion – general increase in business activity.

Business Cycle Trough – economy at lowest point, will begin expansion.

Business Cycle Recession – economy in decline for a period of 6 months. Depression – extended period of contraction categorized by millions out of work and the collapse of major institutions.

https://www.youtube.com/watch?v=3GTgniuxA50

ECONOMIC PROBLEMS INFLATION During a period of inflation, prices of almost everything keep rising. Inflation is a natural occurrence, but high rates of inflation can cause a decline in business activity. Inflation is caused by an increase in the money supply. Money in circulation, or being spent. RECESSION During a period of recession, consumers are not spending money, thus business profits and productivity slow down. Periods of recession lead to higher rates of unemployment.

Causes of the Business Cycle Business Investment – business decisions If businesses anticipate high sales in the future, they will likely invest; contributes to expansion If businesses anticipate a lower sales, they will reduce production; slows growth Government Activity Policies on taxing and spending (fiscal policy) Control over the money supply – Federal Reserve (monetary policy) External Factors War – increased government spending Discovery/Loss of raw materials

Business Cycle Practice We will complete together!!

https://create.kahoot.it/#quiz/e365699b-be2d-4304-8ad5-73b778a939d8