Home › Bihar Board Class 12 (Arts) › Economics › Introduction to Economics › Short-term drops in output caused by business cy…
Short-term drops in output caused by business cycles are called what?
ABooms
BRecessions
CSurpluses
DMultipliers
Answer & Solution
Correct answer: B. Recessions
Business cycles can cause short-term falls in output, which are known as recessions.
Related questions
In the AD-AS model, the aggregate demand curve slopes in which direction?Which model, invented by John Hicks in 1936, shows equilibrium in goods and money markets?Government spending that limits resources for private firms is an example of what?Fiscal policy uses which two instruments to influence the economy?Expansionary monetary policy does what to interest rates?Central banks conduct monetary policy mainly by adjusting what?Stabilization policy mainly uses which two sets of tools?The long-run emphasis in macroeconomics is on determinants of what?