Which of the following statements concerning major cycles

Reference no: EM13378390

Which of the following statements concerning major cycles is incorrect?
a. major cycles are characterized by wide fluctuations in business activity
b. the United States has experienced ten major cycles since World War II
c. severe recessions in major cycles result in widespread unemployment
d. during major cycles, economic activity rises and falls relative to the long-term growth trend

Which of the following categories of business cycle theories includes the rational expectations theory?
a. physical
b. monetary
c. psychological
d. spending and saving

Which of the following is the most valid expression of a theory of underconsumption as a cause of business cycles?
a. capital goods production encroaches on consumer goods production
b. income equals production, but not all income is used for current purchasing power
c. people want more goods than the economy is capable of producing; therefore, they must cut their consumption expectations
d. the economy provides insufficient purchasing power to buy back the goods it produces

Reference no: EM13378390

Questions Cloud

For each level of output calculate the variable cost vc for : for each level of output calculate the variable cost vc. for each level of output except zero output calculate the

Suppose a business experiences a sudden increase in its : suppose a business experiences a sudden increase in its fixed costs. for example suppose property taxes increase

Compared to the gini coefficient for income distribution : compared to the gini coefficient for income distribution the value of the gini coefficient for the distribution of

According to monetary theories of the business cycle : according to monetary theories of the business cycle fluctuations area. independent of the banking systemb. more

Which of the following statements concerning major cycles : which of the following statements concerning major cycles is incorrect?a. major cycles are characterized by wide

In recent years the us labor force has experienceda an : in recent years the u.s. labor force has experienceda. an increase in the percentage of manufacturing workersb. an

Today the us unemployment rate among black teenagers isa : today the u.s. unemployment rate among black teenagers isa. lower than the rate for all teenagersb. lower than the rate

European governments tend to make greater use of price : european governments tend to make greater use of price controls than does the u.s. government. for example the french

In order to ingratiate himself with voters the mayor of : in order to ingratiate himself with voters the mayor of gotham city decides to lower the price of taxi rides. assume

User Account

All Pages