Which of the following is not an internal cause of business cycles?

CA Foundation · Business Economics · PYQS · January 2025
Which of the following is not an internal cause of business cycles?
(A) A. Fluctuations in effective demand
(B) B. Fluctuation in investment
(C) C. Variations in government spending
(D) D. Technology shock

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. Technology shock

Topics: Theory of Demand and Supply, Business Cycles

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