In which phase of the trade cycle do the prices of factors of production increase?
Options
AExpansion
BPeak
CContraction
DTrough
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Business CyclesPYQ - Dec 2022Question 91 of 20
All Questions Correct Answer
✅ Option a — Expansion
All Options:
- AExpansion
- BPeak
- CContraction
- DTrough
About This Chapter: Business Cycles
Paper
Paper 4: Business Economics
Weightage
5%
Key Topics
Phases, Features, Causes
Business Cycles describe the recurring fluctuations in economic activity — Expansion, Peak, Recession, and Trough. This chapter covers the phases, features, and causes of business cycles, along with theories explaining why economies go through regular boom-bust patterns.
View Official ICAI SyllabusExam Strategy Tip
This is a lower-weightage chapter but easy to score. Focus on memorizing the four phases and their characteristics. Questions are usually straightforward.
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More Questions from Business Cycles
The lowest point in the business cycle is referred to as the:
A leading indicator is:
Which of the following is not a characteristic of business cycles?
Economic recession shares all of these characteristics except:
The different phases of a business cycle:
Which of the following is not an example of coincident indicator?
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