The low point in the business cycle is referred to as the

Related MCQs

• The trough of a business cycle occurs when _____ hits its lowest point.
• According to real business cycle theory, the primary causes of business cycles are
• Peaks and troughs of the business cycle are known collectively as
• Industries that are extremely sensitive to the business cycle are the
• The two most important American business cycle events of the twentieth century were
• In a free market economy, self-interested individuals operate through a system of mutual interdependence to promote the general benefit of society at large. Adam Smith referred this as:
• The ratio of change in the national income in relation to the change in government spending that causes it is referred to as:
• The practice by Governments in which a government spends more money than it receives as revenue is referred to as:
• The value of NNP at production point is called
• The value of NNP at consumer point is called the