The Current Economic Conditions

Assignment 4: Analysis of the Business Cycle Name Strayer University Econ 550 Instructor 12/17/2011 The current economic conditions In recent years, on that point has been a slump in the American economy, the likes of which had not been seen by many citizens before. The 18 month long recession that formally ended in 2009, has left the country reeling with unsustainable levels of unemployment and s commencement crop (Vlasenko, 2009). In the third quarter of 2011, GDP grew by 2% which is the best it has done this year. This is a far cry from the low of -8.9 in the 4th quarter of 2008, scarce the pace of harvest-feast is not as swift as many had hoped (Bureau of economical Analysis, 2011). Unemployment is another economic indicator and is one of the primary areas in which the economy has struggled to rec all over. The latest tropes, released on December 2, show that the unemployment consider has dropped to a 2½ year low of 8.6% (Rugaber, 2011). Finally, inflation is shortly at 3.39%. Though the economy is showing signs of life, t here is shut away quite a way to go and the urgency is redden more pronounced now that a global economic crisis seems imminent. Clearly identify the firms chosen The firms that will be explored here are Applebees and Ruby Tuesdays.

There are almost(prenominal) factors that make these two firms monopolistically competitive. Firstly, they exist among a large number of firms. There are some well-known, large chains of restaurants, but there are also thousands of smaller, independently owned operations. Secondly, these companies do not depend on one another. Third, the restaurant mart is relatively easy to enter with few barriers, if any. Finally, there is some sort distinction between the products. Ruby Tuesdays is a publicly held company that was formed in 1972. The company employs over 40,000 people in over 800 locations worldwide. Likewise, Applebees is also a publicly traded company on the NYSE. With nearly 200 locations worldwide, it remain one of... If you want to get a full essay, state it on our website: Ordercustompaper.com

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