11th Principles of Economics MCQS Chapter 11

11th Principles of Economics MCQS
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The period in which an economy comes back from prosperity to depression is called
Depression
Recovery
Boom
Recession

According to which economist, duration of a trade cycle is 9 to 10 years
Prof Kitchen
Prof Jugglar
Prof Pigou
Prof Kondratieff

According to which economist some trade cycles complete their cycle during a period of fifty years or sixty years
Prof Pigou
Prof Kondratieff
Prof Jugglar
Prof Kitchen

During depression
Employment increases
Prices increase
Prices decrease
Profit increases

During the phase of boom level of income and employment is
Decreasing
Lowest
Increasing
Highest

A trade cycle is completed in three years four months This is stated by
Prof Jugglar
Prof Kitchen
Prof Jevons
Prof Pigou

The innovation theory of trade cycles was presented by
Hawtray
Hayek
Schumpeter
Pigou

Phases of a trade cycle are
Three
Five
Two
Four

Over investment theory is presented by
Prof Jugglar
Hawtray
Pigou
Hayek, Mises and Cassel

Economy gets prosperity during
Recovery
Recession
Boom
Depression

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