Consumers, Producers, and Markets This event highlights the relationship that consumers (buyers) and producers (sellers) have with each other. In this case, the producers had all of the power, so much so that the United States came to a literal standstill. In what situation does the consumer have all of the power? Is it important to have an equal share of the power between producers and consumers?

Your target response length for each of these prompts is no less than 4-6 sentences.

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.