Welcome to your 13th Dec Business Cycles Quiz 1 CBT TEST
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Which of the following is the cause of business cycles?
Fluctuations in aggregate effective demand
Fluctuations in investments
Fluctuations in government spending
All of the above
The term business cycle refers to
the ups and downs in production of commodities
the fluctuating levels of economic activity over a period of time
decline in economic activities over prolonged period of time
increasing unemployment rate and diminishing rate of savings A significant decline in general economic activity extending over a period of time is
The lowest point in the business cycle is referred to as the
Expansion.
Boom.
Peak.
Trough.
A leading indicator is
a variable that tends to move along with the level of economic activity
a variable that tends to move in advance of aggregate economic activity
a variable that tends to move consequent on the level of aggregate economic activity
None of the above
A significant decline in general economic activity extending over a period of time is
business cycle
contraction phase
recession
recovery
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