Which factor is not an internal cause of business cycles?

CA Foundation · Business Economics · MTP · May 2026
Which factor is not an internal cause of business cycles?
(A) A. Fluctuations in effective demand
(B) B. Variations in government spending
(C) C. Technology shock
(D) D. Changes in money supply

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Technology shock

Topics: Business Cycles

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