Trade Cycle MCQ

A trade cycle refers to fluctuations in economic activities specially in employment, output and income, prices, profits etc. It has been defined differently by different economists. According to Mitchell, “Business cycles are of fluctuations in the economic activities of organized communities.

Trade Cycle MCQ

11. According to real business cycle theory, the primary causes of business cycles are

12. During business cycles the opposite of a trough is..

13. The macroeconomic models that are most supportive of the role of government policy aimed at
smoothing business cycles are

14. Business cycles are

15. In the long run, inflation is caused by

16. in order to influence spending on goods and services in the short-run, monetary policy is directed
at directly influencing…