All of the following are parts of the business cycle except ?

Related Mcqs:

1. With whom would you associate the following quote” The business of business is business” ?

   A. Milton Friedman
   B. Adam smith
   C. Alfred Marshal
   D. Karl Marx

2. When economists use the term real business cycle theory they are suggesting that business cycles are caused by ?

   A. Shifts in aggregate supply
   B. changes in export demand due to the state of the world economy
   C. business confidence
   D. business expectations

3. In the UK, electricity industry parts are a ____ and other parts are ___ ?

   A. nationalized; privatized
   B. natural monopoly; potentially competitive
   C. cartel; a sellers’ market
   D. monopolistic competition duopoly

4. Real business cycle theory suggests that ____ not important in explaining short-term fluctuations around actual output ?

   A. aggregate supply is
   B. aggregate demand is
   C. potential output is
   D. real variables are

5. The business cycle is not transmitted from one country to another through ?

   A. private sector imports and exports
   B. economic policy
   C. the duration of compulsory education
   D. labor supply changes

6. Real business cycle theorists argue that _________ can explain short- and long-term fluctuation in output?

   A. imperfect labor markets
   B. rational expectations
   C. intertertemporal decisions of households, firms and government
   D. sun spot cycles

7. The business cycle describes fluctuations in output around the?

   A. trend path of output
   B. boom
   C. recession
   D. short-run fluctuations in output

8. Real business cycle theories suggest that _____ to correct departures from the desired growth path?

   A. There is a role for fiscal policy
   B. There is a role for monetary policy
   C. There is a role for supply-side policy
   D. There is a role for stabilizing output ever the business cycle

9. Traditionally companies have defined their business in product terms or in technological terms however mission statements should be all of the following EXCEPT ?

   A. market oriented
   B. a statement of religion
   C. motivating
   D. based on distinctive competencies

10. If the economy is in the expansionary phase of the business cycle, aggregate demand ____ unemployment ____ inflation ____ payments is likely to move towards ____?

    A. falls; rise; falls; surplus
    B. is static; low; rise; deficit;
    C. falls; falls; falls; surplus
    D. rise; falls; rises; deficit