What was the first theory put forth by an economist to explain the phenomena of business cycles?
A) Inventory theory
B) Schumpeter's theory of innovation
C) Real business cycle theories
D) Theory of expectations
E) Jevons' sunspot theory
Correct Answer:
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Q32: In an economy,100 workers can produce 500
Q33: What is technology?
A)The tools of production
B)The human
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Q35: Initially 10 workers produce 100 units of
Q36: Which of the following economists is associated
Q38: Which of the following focuses primarily on
Q39: What do you call business cycle theories
Q40: The most commonly used tool to forecast
Q41: How has the increasing importance of the
Q42: Which of the following statements is true?
A)In
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