Fill This Form To Receive Instant Help
Fill This Form To Receive Instant Help
Homework answers / question archive / Business cycles examine _____ time horizons, while growth theory focuses on _____ time horizons
Business cycles examine _____ time horizons, while growth theory focuses on _____ time horizons.
a. short-run; long-run
b. long-run; short-run
c. Both focus on short-run time horizons.
d. Both focus on long-run time horizons.
a. short-run; long-run
Business cycles normally focus on or look after short-term variations in economic activities i.e five years or less while the growth theory is more long-term oriented i.e it centers around long-term variations and improvements in the economy. The time horizon for growth theory is more than five years.
