Please Help answering both questions 1. Think about the business cycle; What are the parts of the business cycle? How does each part of the business cycle impact employment?

2. Think about economic indicators; What is GDP and how does it show if an economy is doing well or poorly? Describe two ways that a GDP shows overall whether an economy is doing well or poorly.

8. problems and applications q8there are four consumers willing to pay the following amounts for haircuts, and there are four haircutting businesses with the following costs: consumers' willingness to payyvette: $35cho: $15sean: $45bob: $25firms' costsfirm a: $40firm b: $20firm c: $10firm d: $30each firm has the capacity to produce only one haircut.for should be given.which businesses should cut hair? check all that apply.firm afirm bfirm cfirm dwhich consumers should have their hair cut? check all that apply.bobchoseanyvettethe maximum possible total surplus is