15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 $1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100 Welcome.

Slides:



Advertisements
Similar presentations
Business Cycle Theory Changes in Business Activity ©2012, TESCCC Economics, Unit: 06 Lesson: 01.
Advertisements

Alomar_111_81 Economic Growth and Instability. Alomar_111_82 Economic Growth Economic growth can be define as: An increase in real GDP over some time.
MACRO-ECONOMICS The Business Cycle
GDP THE MARKET VALUE OF ALL FINAL GOODS AND SERVICES PRODUCED WITHIN A NATION IN A GIVEN TIME.
The first four chapters laid the foundation for economic study. The concepts are needed in both microeconomic and macroeconomic disciplines as well as.
Business Cycles Objectives: Describe the effect of fluctuations in national output and its relationship to the causes and costs of unemployment and inflation.
Macroeconomics Review
$1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100 Welcome.
Business Cycle.
6.02 Understand economic indicators to recognize economic trends and conditions E Determine the impact of business cycles on business activities.
Economic Instability.
CHAPTER 12 & 13 ECONOMIC PERFORMANCE. GROSS DOMESTIC PRODUCT TOTAL DOLLAR VALUE FINAL GOODS AND SERVICES NEW ONLY.
What is a business cycle? How do we measure employment, unemployment, and how it changes over the business cycle The Meaning of inflation/deflation Why.
$1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100 Welcome.
Chapter 12 Economic Indicators and Measurements. GDP and Other Indicators  Gross Domestic Product (GDP): is the market value of all final goods and service.
$1,000 $500 $300 $200 $100 Welcome to Who Wants to be a Millionaire 50:50 6 $1 Million.
Economics: Chapter 13 Measuring the Economy’s Performance.
Copyright © 2004 South-Western Short-Run Economic Fluctuations Economic activity fluctuates from year to year. In most years production of goods and services.
Monetary Policy. Purpose Monetary policy attempts to establish a stable environment so the economy achieves high levels of output and employment. How.
Business Cycle Three Types of Business Cycle Business Cycle Phases Business Cycles as shifts in AD and AS Business Cycle Theories.
Basic Macroeconomic.
Phases of the Business Cycle Manufacturing Labor Hours
Fiscal Policy Monetary Policy Economic Performance.
Measuring the Economy Goals 9.01 & Why does the government need to know what the economy is doing?  The government makes decisions that affect.
When you have completed your study of this chapter, you will be able to C H A P T E R C H E C K L I S T Provide a technical definition of recession and.
AS - AD and the Business Cycle CHAPTER 13 C H A P T E R C H E C K L I S T When you have completed your study of this chapter, you will be able to 1 Provide.
 Expansion- The economy is steadily growing, employment & production are increasing and people are spending more.  Peak- Production, employment, spending,
$1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100 Welcome.
Economic Conditions Change
1 Chapter Goals of a successful economy 1. Increase productivity 2. Decrease unemployment 3. Maintain stable prices Sports, Entertainment and.
$1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100 Welcome.
$1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100 Welcome.
$1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100 Welcome.
$1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100 Welcome.
$1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100 Welcome.
$1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100 Welcome.
© 2011 Pearson Education Aggregate Supply and Aggregate Demand 13 When you have completed your study of this chapter, you will be able to 1 Define and.
Today’s Schedule – 10/28 Business Cycle PPT Business Cycle Diagrams Homework – Read Ch. 12, Section 2.
Principles of Macroeconomics Lecture 2 CONSUMPTION AND INVESTMENT BUSINESS CYCLES AND AGGREGATE DEMAND.
SSEMA1 The student will illustrate the means by which economic activity is measured. E. Define the stages of the business cycle; include peak, contraction,
$1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100 Welcome.
Gross Domestic Product (GDP) and Growth Chapter 12.
Economic Resources Economic Systems Economic Indicators The Business Cycle Trivia.
THE BUSINESS CYCLE N.P.. The Business Cycle It is a permanent characteristic of market economies: GDP (Gross Domestic Product = PIL) fluctuates as booms.
Phases of the Business Cycle Concept of Productivity and Impact on Individuals and Economy.
Principles of Macroeconomics Lecture 4 BUSINESS CYCLES AND AGGREGATE DEMAND.
Contraction TroughExpansion Peak The business cycle is a period of macroeconomic expansion followed by a period of contraction. During the expansion phase,
Welcome to... A Game of X’s and O’s Modified from a game Developed by Presentation © All rights Reserved
$1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100 Welcome.
MACROECONOMICS Study guide for EOC.  Macroeconomics is the study of the economics of a nation as a whole.  GDP- (gross domestic product) is the total.
Introduction to Business Chapter 3 Measuring Economic Performance.
Economics Flashcards # Unit 3 Macroeconomics
GDP: Measuring the National Economy
Measuring Economic Performance
The Business Cycle Introduction to Business & Marketing
Measuring Economic Activity
Economics Sample Unit 4 Macroeconomics
Measurement of Economic Performance
Welcome to Who Wants to be a Millionaire
The periodic and cyclical ups and downs of the economy
1. Business Cycle Gross Domestic Product 2. Peak Consumer Price Index
Aggregate Supply and Demand
Measuring the Economy’s Performance
1.
Welcome to Who Wants to be a Millionaire
CHAPTER 1 INTRODUCTION TO MACROECONOMIC
Reading the Business Cycle
Welcome to Who Wants to be a Millionaire
Welcome to Who Wants to be a Millionaire
Macroeconomics and GDP
Presentation transcript:

$1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100 Welcome to Who Wants to be a Millionaire 50:50

© Mark E. Damon - All Rights Reserved Another Presentation © All rights Reserved

© Mark E. Damon - All Rights Reserved

$1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100

© Mark E. Damon - All Rights Reserved A: Recovery, Peak, Recession, C : Recovery, Peak, Recession, Trough B: Peak, Valley, Rise, Depression D: Valley, Rise, Trough 50: $1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100 What are the phases of the business cycle? C : Recovery, Peak, Recession, Trough

© Mark E. Damon - All Rights Reserved $1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100

© Mark E. Damon - All Rights Reserved A: Decreases C: Nothing B: Increases D: Collapses 50: $1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100 What happens to employment during a recession? A: Decreases

© Mark E. Damon - All Rights Reserved $1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100

© Mark E. Damon - All Rights Reserved Low spending Low spending, lay offs, and natural disasters A: low prices, lay offs C : Natural disasters and high employment B: D: 50: $1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100 What could cause a recession? Low spending, lay offs, and natural disasters

© Mark E. Damon - All Rights Reserved $1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100

© Mark E. Damon - All Rights Reserved A: Unemployment C: Government Spending B: Inflation D: Consumer Spending 50: $1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100 Which one of these doesn’t increase during a recovery cycle? A: Unemployment

© Mark E. Damon - All Rights Reserved $1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100

© Mark E. Damon - All Rights Reserved Rapidly Changing A: Decreased C: Increased B: No change D: 50: $1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100 What would production be like during a peak? C: Increased

© Mark E. Damon - All Rights Reserved Congratulations! You’ve Reached the $1,000 Milestone! Congratulations! C o n g r a t u l a t i o n s !

© Mark E. Damon - All Rights Reserved $1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100

© Mark E. Damon - All Rights Reserved A: Monetary Policy C: Nominal GDP B: Aggregate Demand D: Aggregate Supply 50: $1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100 Consumer spending + investment spending + government spending + net export + spending equals? B: Aggregate Demand

© Mark E. Damon - All Rights Reserved $1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100

© Mark E. Damon - All Rights Reserved A: Large Savings Accounts C: New policiesD: Nothing 50: $1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100 New employment generates income, which can generate? B: New Spending

© Mark E. Damon - All Rights Reserved $1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100

© Mark E. Damon - All Rights Reserved A: Slump C: Recovery B: Depression D: Peak 50: $1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100 If interest rates are at the highest, which part of the business cycle would we be in? D: Peak

© Mark E. Damon - All Rights Reserved $1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100

© Mark E. Damon - All Rights Reserved A: Unemployment C: Rising Prices B: No money D: Recession 50: $1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100 Decreased spending is directly related to ? C: Rising Prices

© Mark E. Damon - All Rights Reserved $1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100

© Mark E. Damon - All Rights Reserved A: Higher income levels C: More Government Spending B: Nothing D: Lower income Levels 50: $1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100 Layoffs, and declining employment leads to ? D: Lower income Levels

© Mark E. Damon - All Rights Reserved Congratulations! You’ve Reached the $32,000 Milestone! Congratulations! C o n g r a t u l a t i o n s !

© Mark E. Damon - All Rights Reserved $1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100

© Mark E. Damon - All Rights Reserved A: The Business Cycle C: Fiscal Policy B: Cyclical Fluctuation D: Inflation 50: $1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100 What is the cyclical fluctuation in the level of economic activity called? A: The Business Cycle

© Mark E. Damon - All Rights Reserved $1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100

© Mark E. Damon - All Rights Reserved A: To measure the economy C: To know when to implement policies B: How the economy is Influenced D: Because it’s their job 50: $1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100 Why are economists interested in business cycles? B: How the economy is Influenced… and Answer D

© Mark E. Damon - All Rights Reserved $1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100

© Mark E. Damon - All Rights Reserved A: Peak C: Trough B: Gap D: None of the above 50: $1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100 If the lowest point of real GDP is reduced, and there are high levels of unemployment, what business phase is it? C: Trough

© Mark E. Damon - All Rights Reserved $1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100

© Mark E. Damon - All Rights Reserved A: Investment Theory C: Stable Investment Theory B : Business Investment Theory D: Volatile Investment Theory 50: $1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100 “Inventory investment instability major cause of total investment fluctuations” This belongs to which theory? D: Volatile Investment Theory

© Mark E. Damon - All Rights Reserved $1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100

© Mark E. Damon - All Rights Reserved A: Innovations Theory C: The Monetary Theory B: Schumpeter Theory D: The Multiplier-Accelerator Theory 50: $1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100 Joseph Schumpeter, an Austrian economist at Harvard, came up with which theory? A: Innovations Theory

© Mark E. Damon - All Rights Reserved YOU WIN $1 MILLION DOLLARS!

Feedback: Privacy Policy Feedback
Do Not Sell My Personal Information
About project: SlidePlayer Terms of Service

© 2024 SlidePlayer.com. Inc. All rights reserved.