Real business cycles are cycles in ?
A. potential output
B. actual output
C. real output
D. international trade
A. potential output
B. actual output
C. real output
D. international trade
A. Mild Steel
B. Stainless Steel
C. Wrought Iron
D. Cast Iron
A. conventional marketing system
B. power-based marketing system
C. horizontal marketing system
D. vertical marketing system
A. An inward shift of the production possibility frontier
B. A movement along the production possibility frontier
C. An outward shift of the production possibility frontier
D. The pivoting of the production possibility frontier
A. Market forces of supply and demand
B. The government
C. The law
D. The public Sector
A. holding
B. Stake
C. Partnership
D. None of these
A. fail to respond to the adverse supply shock and allow the economy to adjust on its own.
B. respond to the adverse supply shock by decreasing aggregate demand which lower prices
C. respond to the adverse supply shock by decreasing short run aggregate supply
D. respond to the adverse supply shock by increasing aggregate demand, which further raises prices