Peaks and troughs of the business cycle are known collectively as:

Related MCQs

• In business cycle, depression is followed by:
• A business cycle is composed of ----- phases:
• Peak is the --- turning point of the business cycle.
• The trough of a business cycle occurs when hits its lowest point.
• The lowest point in the business cycle is referred to as the:
• Suppose a competitive firm produces 100 units of X for a price of Rs.10 a unit. The firm is employing labour and capital such that the marginal physical product of labour and capital is 20 and 5 and the prices paid to labour and capital are Rs. 60 and Rs. 40 respectively. How would you characterize the firm
• The practice of charging different prices to different consumers for the same goods or services is known as _____
• The cost incurred to alter the position or slope of demand curve is known as
• Khan’s multiplier is known as:
• Keynes’s multiplier is known as: