Which one of the following is not the characteristic of business cycle ........

Economics- Phase (I & II) Business Cycles

Download Solution PDF

Which one of the following is not the characteristic of business cycle?

They are recurrent

They are not at regular intervals

They have uniform causes

All the above

छोटे Courses बड़े Results

Master Business Cycles

Prepare through Micro-courses

Try Now

Explanation:

Periodicity of a trade cycle is not uniform, though fluctuations are ... Now we briefly describe the essential characteristics of these phases of an idealised cycle. During depression some machines wear out completely and ultimately become useless. Employment of more labour and capital causes GNP to rise.