Answered: Which of the following is not one of…

Business

Economics

Which of the following is not one of the possible general sources of shocks that can cause business cycles?

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter10: Income And Expenditures Equilibrium

Section: Chapter Questions

Problem 18E

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Question

Which of the following is not one of the possible general sources of shocks that can cause business cycles?

Select one:

a. Open market operations to of businesses to increase their global competition.

b. Unexpected political events, such as peace treaties, new wars, or terrorist attacks, can create economic opportunities or strains.

c. When productivity unexpectedly increases, the economy booms; when productivity unexpectedly decreases, the economy recedes.

d. Irregular innovations may contribute to the variability of economic activity.

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