Business cycle- recession depression, economics homework help

Base all of your answers on textbook pages 79-94. Your answers must be based on the reading. Include both the questions and answers, type your answers in complete sentences, and number your work. Submit in the text box below or submit as a word document.

  1. When did the service-based economy begin?
  2. What do economic indicators measure?
  3. What is the difference between a budget surplus and a budget deficit?
  4. What is the stage that follows a recession or depression?
  5. What is the difference between a recession and a depression?
  6. Why may innovation play an important role in the recovery stage of the business cycle?
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