Drag each label to the correct location on the image. Match the given scenarios to the different phases in business cycle.
Onyx Corp. has decided
to make long term
investments
The economy of the country
has recorded its highest
employment rate
Jewel Inc. has decided
to lay off some of its
employees
Jones family's purchasing
power is higher than ever
Onyx Corp is hiring
workers for its factory
Jewels Inc.'s sales
have dipped
Expansion Phase
Peak Phase
Recession Phase
21 Edmentum. All rights reserved.

The sticky-price theory asserts that the output prices of some goods and services adjust slowly to changes in the price level. suppose firms announce the prices for their products in advance, based on an expected price level of 100 for the coming year. many of the firms sell their goods through catalogs and face high costs of reprinting if they change prices. the actual price level turns out to be 110. faced with high menu costs, the firms that rely on catalog sales choose not to adjust their prices. sales from catalogs will

Suppose a country's productivity last year was 84. if this country's productivity growth rate of 5 percent is to be maintained, this means that this year's productivity will have to be:

Lillypad toys is a manufacturer of educational toys for children. six months ago, the company's research and development division came up with an idea for a unique touchscreen device that can be used to introduce children to a number of foreign languages. three months ago, the company produced a working prototype, and last month the company successfully launched its new device on the commercial market. what should lillypad's managers prepare for next? a. increased competition from imitators b. a prolonged period of uncontested success c. a sharp decline in demand for the product d. a difficult struggle to move from invention to innovation