Economic recessions - Study guides, Class notes & Summaries

New trend in global sports - Answer--Sports Market in North America will grow. (71.1 B in 2018 to 83.1 B in 2023) -Revenue Sources -Gambling -New stadiums Four Major Revenue Sources - Answer-1.) Media rights 2.) Gate Revenue 3.) Sponsorship 4.) Merchandising Sports gambling industry - Answer--The sport gambling industry has been transformed and is the most significant catalyst shaping today's sports market Facility Capital Funding/Financing - Answer--The industry is reaching the end ...

Econ 252 Exam 3 Latest Update Graded A Recession episodes of negative economic growth lasting at least two quarters Expansion a period of positive growth. Expansions are periods between recessions. Co-movement Many aggregate macroeconomic variables grow or contract together during booms and busts, exhibiting a pattern of positive or negative co-movement. Variables such as real consumption, real investment, and employment move positively with real GDP: Pro-cyclical. Variables such as unemployme...

Among the functions of money are... correct answers to act as a medium of exchange, a unit of account, and a store of value The establishment of deposit insurance in 1934 increased the money supply because correct answers it eliminated the reason for bank runs, which allowed banks to keep lower reserves Unemployment insurance is an automatic fiscal stabilizer because correct answers when recessions occur, spending increases and taxes decline without the need for new legislation Which of...

Classical Economists correct answers - Group that from the 1779s up to the great depression dominated economic thinking. - They believed recessions would naturally cure themselves because the price system would automatically restore to full employment - The founder was Adam Smith - Believed in " laissez faire" which means "leave it alone" and was a theory that our economy was self regulating & it would correct itself without government intervention - Believed that forces of supply & d...

RMI 2101 Exam 1 (Temple University) Already Graded A Risk is the uncertainty about future losses or outcomes Probability likelihood that an outcome or event will occur Pure Risk is a chance of loss or no loss but no chance for gain; always undesirable Good Example of Pure Risk? You own a building, it will either burn or not burn, either way your financial responsibility remains constant. Pay the for the up keep of the building or suffer financial loss if building burns. Specu...

Money & Banking Final from practice test and actual exams A rising stock market index due to higher share prices a. decreases people's wealth, but is unlikely to increase their willingness to spend b. increases people's wealth and as a result may increase their willingness to spend c. decreases the amount of funds that business firms can raise by selling newlyissued stock d. increases people's wealth, but is unlikely to increase their willingness to spend - CORRECT ANSWER b. increase...

Certain future challenges for the turfgrass industry include ALL except correct answer: biofuels Which of the major warm season grasses are listed as "state noxious" weed in texas correct answer: none Sod sales are most impacted by correct answer: residential home construction in double fertilization, the fertilized egg develops into the embryo... correct answer: false Plant age, photoperiod, temp & management are all factors that influence rhizome and stolon growth. correct an...

Definition of Advocacy correct answer: A set of actions used by individuals and groups to create supportive environments for health promotion programs what is advocacy in the terms of health promotion? correct answer: The process by which the actions of individuals or groups attempt to bring about social and/or organization change on behalf of a particular health goal, program, interest, or population Theories in advocacy correct answer: why is advocacy needed? correct answer: Fund...

business cycleAlternating periods of economic expansion and economic recession (components trough recession peak recovery- a business cycle is the cycle of the economy which includes recessions, troughs, recoverys, and peaks.) Real vs. Nominal GDPreal GDP is GDP adjusted for inflation, while nominal GDP is just nominal and is not adjusted for inflation. Total final value of goods and services produced in a year (Gross Domestic Product) SeasonalityA repeated pattern of spikes or drops i...

ECN FINAL EXAM QUESTIONS WITH 100% CORRECT ANSWERS Microeconomic substitution is impossible for the economy as a whole because - Answer- real GDP measures the total quantity of goods and services produced by all firms in all markets. The model of aggregate demand and aggregate supply explains the relationship between - Answer- real GDP and price level Which pair of GDP growth rates and unemployment rates is realistic? - Answer- 3% and 5% Historically, as recessions have ended the un...