Tugas 1 Bin Kurnia

Nama : Kurnia Setiawan
Nim : 041661367
Mp : Bahasa Inggris Niaga
Soal
1. Buatlah essay dengan paling tidak 3 paragaph (1 buah paragraph awal, 1 buah paragraph
isi dan 1 buah paragraph penutup).
2. Tulislah jawaban anda dalam rentang antara 150-200 kata.
A. Understanding Business Cycle really helps business people to operate his business
successfully.
Do you agree or disagree to the statement?
Soal dan jawaban
The Business Cycle
The term “business cycle” (or economic cycle or boom-bust cycle) refers to economy-wide
fluctuations in production, trade, and general economic activity. From a conceptual perspective, the
business cycle is the upward and downward movements of levels of GDP (gross domestic product)
and refers to the period of expansions and contractions in the level of economic activities (business
fluctuations) around a long-term growth trend.
Business Cycle Phases
Business cycles are identified as having four distinct phases: expansion, peak, contraction, and
trough.
An expansion is characterized by increasing employment, economic growth, and upward pressure

on prices. A peak is the highest point of the business cycle, when the economy is producing at
maximum allowable output, employment is at or above full employment, and inflationary pressures
on prices are evident. Following a peak, the economy typically enters into a correction which is
characterized by a contraction where growth slows, employment declines (unemployment
increases), and pricing pressures subside. The slowing ceases at the trough and at this point the
economy has hit a bottom from which the next phase of expansion and contraction will emerge.
Business Cycle Fluctuations
Business cycle fluctuations occur around a long-term growth trend and are usually measured in
terms of the growth rate of real gross domestic product.
In the United States, it is generally accepted that the National Bureau of Economic Research (NBER)
is the final arbiter of the dates of the peaks and troughs of the business cycle. An expansion is the
period from a trough to a peak, and a recession as the period from a peak to a trough
Impact on Business Operations
How the business cycle affects business operations may be best explained by looking at how one
business responds to these cycles. Normal Maintenance is a small business that provides a variety of
construction services to homeowners. They specialize in roofing, deck installations, siding, and
general home maintenance. They employ three full-time workers, who typically work forty hours per
week for an average of twelve dollars per hour. The company has been in business in the same town
for than twenty years and has a solid reputation for quality work and reliability.
Peak
At the peak of the business cycle, the economy can be said to be “overheated.” Despite hiring
additional workers, the owner and crews of Normal Maintenance are working seven days a week
and are still unable to keep up with demand. They can’t work any harder or faster.
Contraction
As the economy begins to contract, business begins to slow down for Normal Maintenance. They
find that they are caught up on work and they aren’t getting so many phone calls. The owner is able
to reduce his labor costs by cutting back on overtime and eliminate working on the weekends.
Trough
On Monday morning, the crew of Normal Maintenance show up to work and the owner has to send
them home: there’s no work for them. During the week before, they worked only three days,
and the owner is down to his original crew of three employees. Several months ago he laid off the
workers hired during the expansion
KEY TAKEAWAYS
 Business cycles are identified as having four distinct phases: peak, trough, contraction, and
expansion.
 Business cycle fluctuations occur around a long-term growth trend and are usually measured
by considering the growth rate of real gross domestic product.
 In the United States, it is generally accepted that the National Bureau of Economic Research
(NBER) is the final arbiter of the dates of the peaks and troughs of the business cycle
3 Soal
1. What is a Business Cycle? economic conditions that occur repeatedly, constantly, and
regularly in a certain period,refers to economy-wide fluctuations in production, trade, and
general economic activity. From a conceptual perspective, the business cycle is the upward
and downward movements of levels of GDP (gross domestic product) and refers to the
period of expansions and contractions in the level of economic activities (business
fluctuations) around a long-term growth trend.
2. What benefits can a business have when he knows the business cycle of his business? The
benefits for someone who knows the business cycle of his business are :
- I am know how to make a managerial decisions related to growth or down -

sizing within his business
- I am can put his current business in a better perspective
- I am can increase his profit and overcome the recessions

3. What month of the year is the best to open a business in your opinion?
In my opinion, Not affected about months to start a business,if we want to open a business
on the basis of the intention, confidence and hard work.not about the exact month but the
first intention. in any month it's the same, it's better to open it in the morning hours.

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Nama : Kurnia Setiawan

Mp : Bahasa Inggris Niaga

isi dan 1 buah paragraph penutup).

2. Tulislah jawaban anda dalam rentang antara 150-200 kata.

Do you agree or disagree to the statement?

Soal dan jawaban

The Business Cycle

Business Cycle Phases

An expansion is characterized by increasing employment, economic growth, and upward pressure

Business Cycle Fluctuations

Impact on Business Operations

- I am know how to make a managerial decisions related to growth or down -

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