The four phases of the business cycle are peak, recession, trough, and expansion. Business cycle lengths vary. Seasonal variations and long run trends complicate the measurement of the business cycle because people are not prepared for the shift in the cycle since they are unexpected. The business cycle affects output and employment in capital goods industries and consumer durable goods industries more severely than in industries producing consumer nondurables because the quantity and quality of purchases of nondurables will decline, but not as much as will purchases of capital goods and consumer durables.

FALSE

Explanation:

It is False that Seasonal variations and long run trends complicate the measurement of the business cycle because people are not prepared for the shift in the cycle since they are unexpected.

Seasonal variations are recurring fluctuations that happen at regular and predictable periods every calendar year. Hence they are recurring and expected each year in defined months of the year

Businesses ought to expect to experience seasonal fluctuations in their product demand because an ice-cream producer should expect to sell more in summer while umbrella producers will sell more during the rainy season. This ability of identification of the impact of seasonal influences and the purchasing habits assists in managing seasonal variations.

One of the methods that businesses use to accommodate seasonal variations in product demand forecasting is Exponential soothing.

Exponential soothing as a tool of product demand forecasting purports that businesses should first base their forecasts on general demand, before factoring in seasonal influences.

match the scenarios with terms related to financial aid.

pell grant

student loan

merit-based scholarship

richard is one of the leading college basketball players in the state of florida. he also maintains a good academic record. looking at his talent and potential, furman university offers to bear the expenses for his college education.

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anita wants to pursue a certificate program in sports nutrition. to pay for the course, she borrows money by filing the fafsa.

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nathan comes from a low-income household. he wants to pursue an undergraduate degree in marketing. he receives financial aid covering 50 percent of his college expenses. nathan does not have to pay back this amount.

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