The length of a business cycle would be measured from ?

Related Mcqs:

1. 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...

2. 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...

3. Real GDP is measured in __________ prices while nominal GDP is measured in _________ prices?

   A. foreign; domestic B. current year; base year C. domestic; foreign D. base year; current year E. intermediate; final...

4. What term is given to unemployment caused by a downturn in the business cycle ?

   A. Underemployment B. Disguised unemployment C. Temporary unemployment D. Cyclical unemployment...

5. 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...

6. If the economy is in the recessionary phase of the business cycle, aggregate demand ___ unemployment ____ inflation ___ and the current account of the balance of payments is likely to move towards ____?

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

7. 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...

8. 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...

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

   A. boom B. slump C. recovery D. acceleration...

10. 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...