The business cycle describes fluctuations in output around the?
A. trend path of output
B. boom
C. recession
D. short-run fluctuations in output
A. trend path of output
B. boom
C. recession
D. short-run fluctuations in output
A. coconut
B. Passion fruit
C. cassava
D. banana
A. supply exceeds demand
B. a surplus exists
C. there is perfectly inelastic demand for the good
D. demand exceeds supply
A. the Rs500 weekly salary that he has forgone to search for another job
B. The Rs500 weekly salary that he has forgone and the monetary costs incurred by continuing to search
C. Rs difference between the weekly salary he finally accepts and the Rs500 weekly salary that he has forgone
D. Rs0, since he is currently unemployed
A. Gross Profit
B. Profit
C. Dividend
D. Right
A. Free adjustment
B. Cost effective adjustment
C. Comparative adjustment
D. Cost of living adjustment
A. Accepting public deposits
B. Granting loan and advances
C. Undertaking agency functions
D. Banker to the government