understanding the effects of the business cycle\nhow does the business cycle affect consumers? check all…

understanding the effects of the business cycle\nhow does the business cycle affect consumers? check all that apply.\n□ it can be harder to find a job during an economic depression.\n□ prices on food and clothing will tend to decrease during an expansion.\n□ people tend to make more money during an expansion.\n□ it can be easier to find a job during an economic depression.\n□ prices on gas and food will tend to increase during an expansion.

understanding the effects of the business cycle\nhow does the business cycle affect consumers? check all that apply.\n□ it can be harder to find a job during an economic depression.\n□ prices on food and clothing will tend to decrease during an expansion.\n□ people tend to make more money during an expansion.\n□ it can be easier to find a job during an economic depression.\n□ prices on gas and food will tend to increase during an expansion.

Answer

Brief Explanations:

  1. During economic depression, economic activity contracts, leading to job - loss and fewer job openings, so it's harder to find a job.
  2. During expansion, demand rises, so prices of food, clothing, gas etc. tend to increase, not decrease. Also, more economic activity means more job opportunities and higher incomes for people.
  3. During depression, job - finding is difficult, not easy.

Answer:

It can be harder to find a job during an economic depression. People tend to make more money during an expansion. Prices on gas and food will tend to increase during an expansion.