Start learning →

In 1927, Eugen Slutzky showed that summing random numbers could produce:

AStable price levels
BCycle-like patterns
CPerfect forecasts
DExact trade balances
Answer & Solution
Correct answer: B. Cycle-like patterns
Slutzky's observation suggested apparent cycles could be the sum of random causes, a view that shaped mainstream thinking.
Practise this question with Quill — CA Foundation →

Keep practising Business Cycles

Browse all Business Cycles questions for CA Foundation, or explore more Business Economics topics.

Start a Business Cycles lesson →
Related questions