Suppose that the federal government places a binding price floor on coffee. to support the price floor, the government purchases all coffee that consumers do not buy. if the price floor remains in place for a number of years, what do you expect to happen to each of the following? the quantity of coffee demanded by consumers will . the quantity of coffee supplied by producers will .

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.