Significant causes giving birth to business cycle
What are the significant causes of business cycle to give birth?
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Significant causes giving birth to business cycle may be summarized as given below:
• Seasonal fluctuations
• Under consumption or excessive saving
• Dealings of entrepreneurs
• Monetary disequilibrium
• Change in the volume of investment or decrease in the marginal efficiency of capital
• Lack of adjustment between demand and supply
• Innovation
• Expansion of loans and contraction of loans by banks.
Firing a worker who regularly goods off and calls in sick may not resolve the moral hazard problem of shirking when: (w) there is a high probability which the worker will sue the firm. (x) the local unemployment rate is high. (y) average worker productivity is low. (z
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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 1413880 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1950811 Asked 3,689 Active Tutors 1413880 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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