alleryStart learning →A one-off change such as a worker strike over a year or two is usually regarded as:
AA new cycle phase
BA Kitchin cycle
CA deep depression
DStatistical noise
Answer & Solution
Correct answer: D. Statistical noise
An unusual one-period change such as a strike or severe weather is treated as noise, not as a cycle.
Keep practising Business Cycles
Browse all Business Cycles questions for CA Foundation, or explore more Business Economics topics.
Related questions
Double-dip recessions are described as which shape?A short, sharp contraction followed by rapid recovery is called which shaped recession?A recession with GDP down by 10 percent, or lasting three or four years, is called:The UK and Canada define a recession as GDP falling for:A recession is best described as a business cycle:Compared with long-term trends, business cycles are usually seen as a:Which years mark the Great Depression in the economic history of the West?The stability and growth of the 1980s and 1990s came to be called the: