Asked by
Alexis Queonna
on Oct 13, 2024
Verified
Which of the following statements is true?
A) The war theory of the business cycle is endogenous.
B) The second part of the expansion phase of the cycle is prosperity.
C) We have business cycles of different lengths but the same amplitudes.
War Theory
A subset of military theory that explores the philosophies, ethics, and logistics of warfare and conflict.
Expansion Phase
A period in the business cycle during which the economy grows and unemployment decreases.
- Acquire knowledge on the stages of business cycles and their distinct features.
- Differentiate between internal and external theories of economic fluctuations.
Verified Answer
NK
Learning Objectives
- Acquire knowledge on the stages of business cycles and their distinct features.
- Differentiate between internal and external theories of economic fluctuations.