The business cycle is not transmitted from one country to another through ?
Correct answer: C. the duration of compulsory education
- A. private sector imports and exports
- B. economic policy
- C. the duration of compulsory education
- D. labor supply changes
Explanation
Changes in the duration of compulsory education are not a normal international transmission channel for business cycles. Trade, economic policy, and changes in labour supply can all affect output across countries.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? [email protected]
About Macroeconomics
The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
Practise Macroeconomics
1,499 free Macroeconomics MCQs from Economics, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Discussion
Stuck on an option, or know a faster way to get there? Ask or explain it here.
No comments yet. Be the first to explain this one.
Exams that ask Economics questions like this
Economics is on 3 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Macroeconomics questions
Real business cycle theorists argue that _________ can explain short- and long-term fluctuation in output?
The idea of convergence of GDP in Europe suggests that ?
The best way to achieve economic growth is to ?
Real business cycles are cycles in ?
Real business cycle theory suggests that ____ not important in explaining short-term fluctuations around actual output ?
The theory that explains business cycles by the dynamic interaction of consumption and investment demand is the ?