According to the National Bureau of Economic Research (NBER), what has been dubbed the Great Recession officially began in December 2007 and ended in June 2009. During this recession, national output of goods and services fell from the second quarter of 2008 until the end of the recession in the second quarter of 2009, and then slowly began to increase. When the recession was officially declared as being over, the unemployment rate continued to rise, reaching 10 percent in October 2009 and remained close to that level until April 2010 when it slowly started to decline. During that 10-month period, the net loss in jobs in the U. S. economy was close to 1.4 million. What can explain how it is possible that output can rise while at the same time employment falls?

The following cost data pertain to the operations of montgomery department stores, inc., for the month of july. corporate legal office salaries $ 75,300apparel department cost of sales"evendale store $ 97,200corporate headquarters building lease $ 50,300store manager's salary"evendale store $ 12,900apparel department sales commission"evendale store $ 11,550store utilities"evendale store $ 12,800apparel department manager's salary"evendale store $ 10,450central warehouse lease cost $ 18,600janitorial costs"evendale store $ 11,800 the evendale store is just one of many stores owned and operated by the company. the apparel department is one of many departments at the evendale store. the central warehouse serves all of the company's stores. required: 1. what is the total amount of the costs listed above that are direct costs of the apparel department? 2. what is the total amount of the costs listed above that are direct costs of the evendale store? 3. what is the total amount of the apparel department's direct costs that are also variable costs with respect to total departmental sales?

Atrough in the business cycle occurs when

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