Question

How has globalization impacted the United States business cycle?

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A)
It has destabilized the US domestic markets.
UDDDB) It has caused prices to rise creating a period of economic decline.
C)
It has synchronized the the US business cycle with the rest of the world.
D)
It has deflated economic growth causing the US economy to experience a
recession.

Answer 1

Globalization has impacted the US business cycle by synchronizing it with the rest of the world, making it more vulnerable to external shocks and economic events happening in other countries.

Step-by-step explanation:

Globalization refers to the increasing interconnectedness and interdependence of countries through the exchange of goods, services, and information. Over the past decade, globalization has had a significant impact on the United States business cycle by synchronizing it with the rest of the world. This means that economic events and fluctuations in other countries now have a greater influence on the US business cycle.

For example, if there is a recession in a major trading partner of the United States, it can lead to a decrease in demand for US exports and a slowdown in economic growth. Similarly, if there is a global economic downturn, it can negatively impact business investment and consumer spending in the United States.

In this way, globalization has made the US business cycle more vulnerable to external shocks and economic events happening in other parts of the world.

Learn more about globalization here: