Write a one page response to the below scenario, this is your personal view, no references are...

Question

Write a one page response to the below scenario, this is your personal view, no references are needed:

Your supervisor has learned you have been introduced to the basics of macroeconomics. He or she asks the following question(s):

Assume you are the manager of a company. What one concept that you learned from macroeconomics would allow you to make better decisions for your company? Why is this the case?

Komalavalli · Accepted Answer

Managerial decision:
The macroeconomic concept that I have learned is Business cycle .Business cycles describes the fluctuation of economic activities. Business cycle is defined as the downward and upward movement of gross domestic product; it also indicates economic activities of a nation. There are four phases in business cycle; they are Boom, recession, depression and recovery.
Boom:
It refers to a time period in which increase in expansion of business activity and GDP occurs. During this time I would make a decision to increase in employment of a firm , because the sales will increase and also I will expand the output production of a firm in order to meet the demand for product, this increase the firm’s investment and profit.
Recession
It is a time period in which increase in contraction of business activity and GDP (Gross Domestic Product) occurs.

Write a one page response to the below scenario, this is your personal view, no references are needed: Your supervisor has learned you have been introduced to the basics of macroeconomics. He or she...

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