Q509
With regard to business cycles which of the following is not true?
A.
Expansion, recession, depression and recovery are the four phases of business cycles
B.
Business cycle is a part of the capitalist system
C.
According to Keynes, "The trade cycle is a purely monetary phenomenon"
AnswerD.
The innovations theory of business cycle is associated with the name of Joseph Schumpeter
Answer: Option C
Solution
Answer: Option C
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