The lowest level of economic activity is called

Related MCQs

• When aggregate economic activity is increasing, the economy is said to be in
• When aggregate economic activity is declining, the economy is said to be in
• When the cause of business cycles is attributed to some factor outside the economic system, it is called
• To attain long-term economic stability, the government can introduce
• Economic recession is characterized by all of the following except
• Which of the following is generally regarded as the true index of economic growth?
• The concept of economic growth is
• Economic growth is measured as a percentage change in
• The concept of economic growth is more relevant for
• Which of the following is not an indicator of economic development?