Econ cycle features and causes

Question 1

phase of boom

Answer 1

-increase growth
-decreased unemployment
-increased inflation
-increased investment
-increased tax revenue

Question 2

phase of rescession

Answer 2

-fall confidence
-rise unemployment
-de-stocking

Question 3

phase of recovery

Answer 3

-increase in house prices
-increase in investment
-increase in consumption
-loose macro policy
-increased construction
-increased growth and unemployment

Question 4

demand and supply side causes of recession and others

Answer 4

-demand: financial, banking, currency crisis
-supply: increase in oil, increase in commodity, increase in business tax, fall in exchange rate
-multiplier
-accelarator