Measuring the intensity of the business cycle requires
Course:- Business Economics
Reference No.:- EM131162105

Assignment Help
Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Business Economics

1. As the economy approaches the peak phase of the cycle, profits will tend to

   a. decrease because of higher sales but lower prices

   b. increase because of higher sales and higher prices

   c. decrease because of lower sales

   d. increase because of the elasticity of demand

2. According to monetary theories of the business cycle, fluctuations are

   a. independent of the banking system

   b. more prevalent in countries with modern banking systems

   c. more prevalent in agricultural countries

   d. less prevalent in those countries with modern banking systems

3. Measuring the intensity of the business cycle requires

   a. adding seasonal variations to cyclical fluctuations

   b. adding seasonal variations and random fluctuations to cyclical changes

   c. eliminating seasonal variations and identifiable random forces from the data

   d. multiplying the trend by the cyclical fluctuations

4. In the pattern of the business cycle, generally

   a. costs and prices move inversely

   b. costs and prices move simultaneously

   c. costs lead prices

   d. costs lag behind prices

5. The long-run average change in real GDP is known as

   a. the trend

   b. the long-wave cycle

   c. the expansion

   d. fundamental growth


Put your comment

Ask Question & Get Answers from Experts
Browse some more (Business Economics) Materials
Where Q is the number of cuts per week and P is the price of a hair cut. Terry is considering raising her price above the current price of $15. Terry is unwilling to raise pri
You are the owner of a local Honda dealership. Unlike other dealerships in the area, you take pride in your “No Haggle” sales policy. Last year, your dealership earned record
With a Swedish Kroner, the likelihood of getting Heads when it is spun on edge is 0.2. If X is the random variable where X(H)=1, X(T) = -1, find the expected value E(X), the v
At its current level of production a firm in a competitive market receives $12.50 for each unit it produces and faces an average total cost of $10. At the market price of $12.
Given the market for corn in equilibrium, show the effect on price and quantity of the following simultaneous occurrences: Good weather results in a 10% increase in the harves
According to Interbrand Corporation, the Coca-Cola brand name (not the company) is worth $67 billion. At least theoretically, this is what Coke could get for the name if it de
Define and describe the three functions of money. Provide real-world examples of each of the three functions of money. Be sure these examples are related to either your person
A country imposes a tariff on imports from abroad. How does this action change the long-run real exchange rate between the home and foreign currencies? How is the long-run n