What is a Business Cycle?
Your 5 page essay should answer and summarize everything below: What is a business cycle? What is GDP and how do you measure it? Why should you measure GDP? What is the pain of inflation and deflation? How do you measure prices? What is the price index for consumers?
Explain minimum wages and issues. What is the natural rate of unemployment? What are shoe leather costs? Are there too many people unemployed and why?
What is GDP – measures and business cycles. Inflation, deflation. Investment, Savings, debt, and the financial system.
What is your financial plan: how to turn money into wealth. Stocks, houses, annuities, inheritance, diversification, interest rates, mutual funds, and insurance. Do you need health insurance, life insurance? What is unemployment? How do we measure it?
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