Causes of Business Cycle
Illustrates the causes of business cycle?
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Causes of Business Cycle:
Two kinds of components or forces bring regarding business cycle. They are external and internal. Internal forces are components within the extremely sphere of business activity itself and comprise such things like production, demand, income, interest rates, credit and inventories as well. External forces are components outside the normal scope of business activity and comprise population as wars, growth and fundamental changes in the nation’s currency as well as national economic policies. With floods, droughts and another catastrophe which have effect upon business activity.
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Illustrates the term shot run production function?
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A labor market operates inefficiently when labor is hired only up to a point where, that the last worker: (1) VMP = w. (2) VMP minus MRC exceeds zero and is maximized. (3) P x MPPL = w. (4) added total revenue equals added total cost. Discover Q & A Leading Solution Library Avail More Than 1454377 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1929808 Asked 3,689 Active Tutors 1454377 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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