Business, 08.10.2019 13:30 imhorribleatmath90

Which best describes what is represented in the business cycle model? the interactions between producers and consumers the change in production cost macroeconomic trends supply and demand trends

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Answer from: achsahjosey

Macroenomoc trends best describes what is represented in the business cycle model.

The business cycle, also known as the economic cycle or trade cycle describes the rise and fall in production output of goods and services in an economy. The rise and fall is measured using rise and fall in real – inflation-adjusted – gross domestic product (GDP).

Answer from: annabel11

The option C is correct. Macroeconomics trends are represented in the business cycle model.

Further Explanation:

Business cycle model:

The business cycle model refers to the model in which the change in aggregate income and the unemployment for the nations are taken into consideration. The model tells us about the change in aggregate income and the change in the unemployment rate. The country does use the business cycle model to evaluate the country's growth rate.

Justification for the correct and incorrect

The interactions between the producers and consumers: This option is incorrect.

Business does not directly consider the producer and consumers. The interaction of producer and consumer is included in the production process.

Change in production cost: This option is incorrect.

The change in production cost, it only affects the particular company. The change in production cost does not affect the whole nations.

Macroeconomics trends: This option is correct.

Macroeconomics deals in aggregate demand, aggregate supply, unemployment, aggregate for the whole nation. The trends of the macroeconomics can be used for representing the business cycle model. This option is correct.

Supply and demand trends: This option is correct.

The supply and demand for particular goods can not be used to represent the business cycle model. This is not the correct option.

Learn more:

1.Learn more about the elasticity of demand

2.Learn more about unemployment

3.Learn more about demand and supply diagram

Answer details:

Grade: Middle School

Subject: Economics

Chapter: Business cycle model

Keywords:

business cycle model, interactions, change in production cost, macroeconomics trends, supply and demand trends, producer, consumers, aggregate demand, aggregate supply, unemployment, aggregate income, and change.

Answer from: Quest

Ibelieve it's the left middle finger

Answer from: Quest

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