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We've read about recessions and the business cycle, but never about double recessions! apparently this phenomenon was unfamiliar to Britain too, and their first just hit.

This article suggests that the lack of recovery from the recession might lead to weakness in the American business cycle. The potential is not present as it was before the recession, and that is what concerns the author of this article. It will be very interesting to follow the course of the American business cycle (economic growth), and if this article is right, it opens for even bigger Chinese dominance in the economic world.

This article discusses how the car sales have been hurt in the past due to the recession. The article talks about how the private sector has become a bigger target for the car companies. The elasticity of supply has grown to fit this curve, causing the car companies to gain some more profit that they had in the past. The companies also began to target people that care more about the environment, selling many more low emission type cars. They had to adapt to what the demand was, causing their elasticity of supply to grow to fit many wants.

The article says that the number of cars sold in the past has decreased. However the market for cars has recovered. The articled shows how companies adapted to the changing needs of customers. Customers now want more fuel efficient cars and often buy them on the private market. This causes the elasticity of supply of these companies to increase because they quickly had to adapt to the new situation.

France was one of the last European countries to really feel the effects of the global recession, but now unemployment is increasing. The labor rules in France apparently make it difficult to fire workers, but the French president and worker's unions are working together to draft new legislation that can assist the firms in France by giving them more flexibility.

The article talks about the economic growth in the UK. It says that the economic growth increased because of the Olympics. It is a huge events and a lot of tourists came to the UK. There was an increase in revenue of hotels and restaurants.

Who doesn't love the Olympic Games?! So this article discusses how the Olympic games helped the UK regain economic growth. "The UK economy emerged from recession in the three months from July to September, helped by the Olympic Games. The economy grew by 1.0%, according to official gross domestic product figures (GDP), which measure the value of everything produced in the country." Due to the Olympic Games the UK had a lot of tourists come in from all around the world, therefore, creating more profit for the hotels, restaurants and touristic attractions.

Welcome back to the wonderfully confusing world of economics. In class we've only scratched the surface of monetary policy and, if there's one thing the world is good at, it's making things so much more complicated than you would imagine. However, as this article says, the FOMC is trying to bring us back to simpler time. They want to make policy decisions clear cut, a 1 step approach for deciding how to act during inflation, deflation, recession, and boom. Not a bad idea, but can they pull it off. I guess we'll find out.

US economies are still growing after thee great recession and according to economists the US should see an increase in economic growth by 2014. It is also mentioned that unemployment rate will continue to decline as economic growth becomes faster.

The article talks about topic covered already in the title, with some interest to the growth of industry of southern euro-zone countries and exacerbation of German and French production. So obviously, here I can refer to PPF where resources (also human capital) are being used more efficiently; here is the movement inside existing frontier or perhaps even outward shift with improved quantities and qualities of goods (especially capital). Nevertheless, economists still fear the euro-zone might fall in recession again if there are two quarters of consecutive fall (if the economy contracted). The market clearing price of many durable goods can be determined only to some extent, due to the presence of outside disturbance (fiscal and banking crisis - therefore always introducing new policies and bail-out deals). Another thing associated with the previous sentence and the article is the price mechanism (interaction of demand and supply) which allocates resources. Under unstable circumstances which are currently taking place in euro-zone, incomes are plummeting (falling GDP per capita) except for some particular periods of time when the economy meets actual growth, meaning that there is less demand leading to an inverse effect for producers. Normally, producers wish to supply more at higher prices, especially if income of people soars so they buy more of that goods. Therefore, higher prices do not present an incentive for producers to produce more. All the producers want to increase their producer surplus; but the trend is clear - towards maximized community surplus, since producers depend on consumers' utility.

The article discusses the story of the shrinking U.S. trade deficit is essentially the story of the U.S. oil boom. The last time the U.S. came close to balancing out the trade deficit, at least in terms of its share of GDP, was just after a recession ended in 1991. The big issue is whether the U.S. can continue to expand its economy while also shrinking its trade deficit-something it hasn't been able to do for a generation or more. The U.S. will start exporting natural gas at some point over the next few years.